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This morning, you purchased a call option on Schoolhouse Supply Co. stock that expires in one year. The exercise price is $37.60. The current price

This morning, you purchased a call option on Schoolhouse Supply Co. stock that expires in one year. The exercise price is $37.60. The current price of the stock is $53.70 and the risk-free rate of return is 3.1 percent. Assume that the option will finish in the money. What is the current value of the call option?

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