Use the black-scholes formula for the following stock: time to expiration 6 months standard deviation 51% per year exercise price $41 stock price $39 annual interest rate 6% dividend 0. calculate the value of a call option. (do not round intermediate calculations. round your answer to 2 decimal places. omit the "$" sign in your response.)

Ithink the most approximate answer would be b.i hope it you!

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan