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You have been granted stock options on 300 shares of your employer's stock. The stock is currently selling for $37 80 and has a standard

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You have been granted stock options on 300 shares of your employer's stock. The stock is currently selling for $37 80 and has a standard deviation of 30%. The option's strike price is 535 and the time to maturity is 10 years. What is the value of each option given a risk-free rate of 3.0%? Assume that no dividends are paid The standard normal probabilities are: N(-d1) 19169 N(-12) 53068

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