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InstoBank has sold a call option on 500,000 shares of Westpac stock. The exercise price is 40; the stock price is 40; the volatility is

InstoBank has sold a call option on 500,000 shares of Westpac stock. The exercise price is 40; the stock price is 40; the volatility is 30%; and the risk-free rate is 5%. The options mature in 3 month...

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