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Problem 27 A call option that expires in 10 days has a strike price of $20. The underlying stock has a current price of $40

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Problem 27 A call option that expires in 10 days has a strike price of $20. The underlying stock has a current price of $40 per share. What is the likely value of N(di) in the Black-Scholes option pricing model? (pick the most correct answer) 1. Positive and close to 0 2. Negative and close to 0 3. Close to 1 4. 0.5

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