Homework 13 Soved 35 You own a lot in Key West, Florida, that is currently unused. Similar lots have recently sold for $1.7 million. Over the past five years, the price of land in the area has increased 12 percent per year, with an annual standard deviation of 20 percent. A buyer has recently approached you and wants an option to buy the land in the next 12 months for $1.920,000. The risk-free rate of interest is 3 percent per year, compounded continuously. How much should you charge for the option? Skipped References Multiple Choice O $70143.25 0 $19,945 20 O $78,63201 $78,6 Connect html Homework 13 35 $71,143.25 Skipped References $19,945,20 $78,632.01 $74,88763 . $180,71748