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he price of a non - dividend paying stock is $ 2 0 0 . The stock volatility is 2 0 % and the risk

he price of a non-dividend paying stock is $200. The stock volatility is 20% and the risk-free rate is 1%, both per annum with continuous compounding. Using the Black-Scholes-Merton model, what is the value of 1-year, at-the-money call options on the stock?

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