Assume the following inputs for a call option: $(1)$ current stock price is $$33,(2)$ strike price is $$37,(3)$ time to expiration is $2$ months, $(4)$ annualized risk$-$free rate is $4\%,$ and $(5)$ variance of stock return is $0\mathrm{.}28.$ The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. Black$-$Scholes Model

Current price of underlying stock, P $$33\mathrm{.}00$

Strike price of the option, X $$37\mathrm{.}00$

Number of months unitl expiration $2$ Formulas

Time until the option expires, t $0\mathrm{.}1667=$B$5/12$

Risk$-$free rate, rRF $4\mathrm{.}00\%$

Variance, $\backslash$sigma $20\mathrm{.}28$

d$1=30\mathrm{.}3002=($LN$($B$3/$B$4)+($B$7+($B$8/2))*$B$4)/($SQRT$($B$8)*$SQRT$($B$6))$

N$($d$1)=1\mathrm{.}0000$

d$2=$ #N$/$A

N$($d$2)=0\mathrm{.}5000$

VC $=$ #N$/$A