The Black-Scholes option pricing model (OPM) was developed in 1973. The creation of the Black-Scholes OPM played a significant role in the rapid growth of optians trading. Under the assumptions used by Fischer Black and Myron Scholes to derive the Bleck-Scholes model, if the option price is the price found using the Black-Scholes model, arbitrage opportunities will exist. According to the Biack-Scholes Option Pricing Model, if the exercise price, X, increases, the value of the call option Merry Molon Fruit Company has a current stock price of 320.00. A coll option on this atock has an exercise price of $28.00 and 0.25 year to maturity. The yariance of the stock price is 0.09, and the risk-free rate is 69 . You colculate di to be 0.18 and N(0.18) to be 0.5714. Therefore, dz will be 0.03 and N(0.03) will be 0.5120. Using the Black-Scholes Option Pricing Model, what is the value of the option? (Note: Use 2.7183 as the approximate value of e.) 41.877 52.15855 51.502 51.783