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Describe briefly in words no numbers how you would

Current price of a three month European call on a non-dividend paying stock is $13.50. Current stock price is $125.94, strike price is $125, and risk-free interest rate is 8% per annum. Assume that historical return data on this stock is not available. Describe briefly in words (no numbers) how you would calculate volatility for this option? What is this volatility called?

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Finance Basics: Describe briefly in words no numbers how you would

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