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Find the price of a six month European call option on a non-dividend-paying stock with a strike price of $20 when the current stock price
Find the price of a six month European call option on a non-dividend-paying stock with a strike price of $20 when the current stock price is $18, the risk-free rate is 6% per annum, and the volatility (sigma) is 30% per annum. Use the Black-Scholes-Merton model and the standard normal distribution table on page 590 and 591.
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