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Use the Black-Scholes formula to find the value of a call option based on the following inputs. (Round your final answer to 2 decimal places.

Use the Black-Scholes formula to find the value of a call option based on the following inputs.(Round your final answer to 2 decimal places. Do not round intermediate calculations.)

Stock price$62Exercise price$54Interest rate8%Dividend yield4%Time to expiration0.50Standard deviation of stocks returns27%

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