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The stock of Nugents Nougats currently sells for $42 and has an annual standard deviation of 43 percent. The stock has a dividend yield of

The stock of Nugents Nougats currently sells for $42 and has an annual standard deviation of 43 percent. The stock has a dividend yield of 2.8 percent and the risk-free rate is 4.8 percent. What is the value of a call option on the stock with a strike price of $38 and 52 days to expiration? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.)

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