Question 5 1 pts Consider a six - month American call option on a non-dividend - paying stock The stock price is $30 , the strike price is $29 , and the continuously compounded risk free interest rate is 6 ate is 6 % per annum . The volatility of the stock price is 20% per annum . What is price of the call option ? Please provide your answer in the unit of dollar to the nearest cent , but without the dollar sign for example , if your answer is $1 02 , write 1 02 ) Hint : Can you use the BSM formula to value this option ? Why ? Do not provide an approximate value obtained from a binomial tree with a small number of time steps