Use the Black$-$Scholes formula to calculate today's value of a call option, based on the

following:

The call option's strike price is $$60.$ The expiration date is six months from now. Stock

shares can be purchased for $$64$ a share in today's market. The risk$-$free rate is $3$

percent per year, compounded continuously. The standard deviation of the annual stock

returns is $0$ percent. $($Do not round intermediate calculations and round your final

answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Price