The stock of Nugents Nougats currently sells for $38 and has an annual standard deviation of 39 percent. The stock has a dividend yield of 2 percent, and the risk-free rate is 4 percent. What is the value of a call option on the stock with a strike price of $34 and 40 days to expiration? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)