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The price of Ervin Corp. stock will either be $67 or $81 at the end of the year. Call options are available with one year

The price of Ervin Corp. stock will either be $67 or $81 at the end of the year. Call options are available with one year until expiration.Continuously compoundedT-bills currently yield 4.72 %. Suppose the current price of Ervin stock is $71.

A) What is the value of the call if the strike price is $55 per share?(Round answer to 2 decimal places. Do not round intermediate calculations).

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