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You would like to buy a European call option on a firm's stock. The current stock price is $35 and the volatility of the stock's

You would like to buy a European call option on a firm's stock. The current stock price is $35 and the volatility of the stock's return is 40%. The option has a strike price of $30 and expires 8 weeks from today. The stock does not pay a dividend. The risk-free rate is 2.3%. Using MS Excel, calculate the price of the option. You may use the spreadsheet posted on Canvas.

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