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The common stock of the Rajesh Robots, Inc. has been trading in a narrow range around $120 per share for months, and you believe it

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The common stock of the Rajesh Robots, Inc. has been trading in a narrow range around $120 per share for months, and you believe it is going to stay in that range for the next 3 months. The price of a 3-month put option with an exercise price of $120 is $7.99. If the risk-free interest rate is 7% per year, what must be the price of a 3-month call option on Rajesh Robots stock at an exercise price of $120 if it is at the money? (The stock pays no dividends) (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Price of a 3-month call option

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