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Use the Black Scholes formula to find the value of a call option on the following stock. Show the steps. (8 points) Time to expiration:

Use the Black Scholes formula to find the value of a call option on the following stock. Show the steps. (8 points)

Time to expiration: 9 months

Standard deviation: 50% per year

Exercise price: 60

Stock price: 65

Interest rate: 3%

Dividend: 1%

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