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Use the Black-Scholes model to value a European call on a stock that does not pay dividends. The option will expire in 9 months. The

Use the Black-Scholes model to value a European call on a stock that does not pay dividends. The option will expire in 9 months. The underlying stock is currently selling for $50. Assume the strike price is $55, the volatility value is 23%, and the annual risk-free interest rate is 7% based on continuous compounding.

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