XYZ Corporation will pay a $$2$ per share dividend in two months. Its stock price currently is $$60$ per

share. A European call option on XYZ has an exercise price of $$55$ and $3-$month time to expiration.

The risk$-$free interest rate is $0\mathrm{.}5\%$ per month, and the stock's volatility $($standard deviation$)=7\%$ per

month. Find the Black$-$Scholes value of the option. $($Hint$.$ Try defining one "period" as a month, rather

than as a year, and think about the net$-$of$-$dividend value of each share.$)$

Note: Round your answer to $2$ decimal places.

Answer is complete but not entirely correct.