Using MC or Black-Scholes options pricing value a call option on the following stock.

The stock is trading at $1,000.

The call has exactly 6-months until expiration.

The option strike price is $1,050.

The risk-free rate is 3%.

The stock pays no dividends.

Our best estimate of the stock's volatility is 40% annualized.

The call option's fair price is ______.

Group of answer choices

$37.25

$63.63

$98.02

$115.09