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Time to expiration (T) Standard deviation () Exercise price (X) 3 months 15% per year $45 Stock price (So) $55 Interest rate (r) 1.5%

Time to expiration (T) Standard deviation () Exercise price (X) 3 months 15% per year $45 Stock price (So) $55 Interest rate (r) 1.5% Dividend Yield (8) 4.5%

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