XYZ Corp. will pay a $2 per share dividend in two months. Its stock price currently...

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XYZ Corp. will pay a $2 per share dividend in two months. Itsstock price currently is $90 per share. A call option on XYZ has anexercise price of $85 and 3-month time to expiration. The risk-freeinterest rate is 0.6% per month, and the stock’s volatility(standard deviation) = 24% per month. Find the Black-Scholes valueof the option. (Hint: Try defining one “period” as a month, ratherthan as a year, and think about the net-of-dividend value of eachshare.)

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Dividend paid after 2 months 2 Risk free rate r 0006 Present Value of the dividend D1rn 2100062 198 Net of Dividend Value of    See Answer
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XYZ Corp. will pay a $2 per share dividend in two months. Itsstock price currently is $90 per share. A call option on XYZ has anexercise price of $85 and 3-month time to expiration. The risk-freeinterest rate is 0.6% per month, and the stock’s volatility(standard deviation) = 24% per month. Find the Black-Scholes valueof the option. (Hint: Try defining one “period” as a month, ratherthan as a year, and think about the net-of-dividend value of eachshare.)

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