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You own a call option on NICo stock that expires in one year. The exercise price is $35. The current price of the stock is

You own a call option on NICo stock that expires in one year. The exercise price is $35. The current price of the stock is $37.40 and the risk free rate of return is 4.25% . Assume the option will finish in the money. What is the current value of the call option? Show all steps.

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