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What is the price of a $35 strike call? Assume S = $38.50, = 0.25, r = 0.06, the stock pays no dividend and the

  1. What is the price of a $35 strike call? Assume S = $38.50, = 0.25, r = 0.06, the stock pays no dividend and the option expires in 45 days?

- in this equation, why is time0.125?

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