A call option has an exercise price of 55 and matures in


A call option has an exercise price of $55 and matures in six months. The current stock price is $55, and the risk-free rate is 4 percent per year, compounded continuously. What is the price of the call if the standard deviation of the stock is 0 percent per year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Call option price $

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Financial Management: A call option has an exercise price of 55 and matures in
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