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Question 16 (4 points) Consider an option on a non-dividend paying stock when the stock price is $45, the exercise price is $38, the risk-free

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Question 16 (4 points) Consider an option on a non-dividend paying stock when the stock price is $45, the exercise price is $38, the risk-free rate is 5% per annum, the volatility is 30%, and the time to maturity is five months. What is the value of d1 for a call option? A. 0.5698

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