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In its 100 dated February 4, 2016, LLL, Inc., had outstanding employee stock options representing over 286 million shares of its stock. LLL accountants estimated

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In its 100 dated February 4, 2016, LLL, Inc., had outstanding employee stock options representing over 286 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 = $27.39 Koption strike price = $29.82 parisk-free interest rate=043 g=stock volatility - 27 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.) (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Option value per share

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