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Use the Black-Scholes formula for the following stock: Time to expiration 6 months Standard deviation 54% per year Exercise price $54 Stock price $53

Use the Black-Scholes formula for the following stock: Time to expiration 6 months Standard deviation 54% per year Exercise price $54 Stock price $53 Annual interest rate 4% Dividend 0 Calculate the value of a call option. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Value of a call option

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