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In its 1 0 Q dated February 4 , 2 0 2 2 , LLL , Incorporated, had outstanding employee stock options representing over 2

In its 10Q dated February 4,2022, LLL, Incorporated, had outstanding employee stock options representing over 287 million shares of its stock. LLL accountants estimated the value of these options using the Black-Scholes-Merton formula and the following assumptions:
S= current stock price =$26.18
K= option strike price =$28.61
r= risk-free interest rate =0.052
= stock volatility =0.32
T= time to expiration =3.5 years
What was the estimated value of these employee stock options per share of stock? (Note: LLL pays no dividends.)
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Option value per share
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