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Question 28 4 pts The price of Ervin Corp. stock will either be $70 or $84 at the end of the year. Call options are

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Question 28 4 pts The price of Ervin Corp. stock will either be $70 or $84 at the end of the year. Call options are available with one year until expiration. Continuously compounded T-bills currently yield 3.88 %. Suppose the current price of Ervin stock is $73. What is the value of the call option if the strike price is $75 per share? (Round answer to 2 decimal places. Do not round intermediate calculations)

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