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The current stock price of International Paper is $69 and the stock does not pay dividends. The instantaneous risk free rate of return is 10%.
The current stock price of International Paper is $69 and the stock does not pay dividends. The instantaneous risk free rate of return is 10%. The instantaneous standard deviation of International Paper's stock is 25%. You wish to purchase a call option on this stock with an exercise price of $70 and an expiration date 73 days from now. The call option should be worth __________ today.
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