Problem -63 (Black-Scholes Model) See Suomtam Quer Check My ebook Problem Walk-Through Black-Scholes Model Assume that you have been given the following information on Purcell Industries' cal options: Current stock price - $16 Strike price of option $12 Time to maturity of option - 3 months Risk-free rate - 7% Variance of stock return 0.11 da = 1.92323 N(da) = 0.97277 d2 = 1.75740 N(da) 0.96058 According to the Black Scholes option pricing model, what is the option's value? Do not round intermediate calculations. Round your answer to the nearest cant use only the values provided in the problem statement for your calculations, Check My Work MacBook Air