The price of a non-dividend paying stock is $200. The stock volatility is 20% and the risk-free rate is 1%, both per annum with continuous compounding. Using the Black-Scholes-Merton model, what is the value of 1-year, at-the-money call options on the stock?

Group of answer choices

$20.31

$13.57

$16.86

$10.24