Intro The current price of a non-dividend-paying stock is $255 and the annual standard deviation of the rate of return on the stock is 20%. A European call option on the stock expires in 0.25 years. Its strike price is $280. The risk-free rate is 5% (continuously compounded). Part 2 What is the value of N(d)? SB Attempt 2/10 for 10 pts. 1948 Correct dz = d; -ott. -0.76 -0.2.0.25 - 0.86 Using Excel's NORM.S.DIST(-0.86, true) function: N(da) = N(-0.86) = 0.1948 - Attempt 1/10 for 10 pts. Part 3 What should be the price (premium) of the call option? 2+ decimals Submit