Cheryl Levin is the chief executive officer of Mountainbrook Trading Company. The board of directors has just
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Cheryl Levin is the chief executive officer of Mountainbrook Trading Company. The board of directors has just granted Cheryl atthemoney European call options on the companys stock, which is currently trading at $ per share. The stock pays no dividends. The options will expire in five years and the standard deviation of the returns on the stock is percent. Treasury bills that mature in five years currently yield a continuously compounded interest rate of percent. Use the BlackScholes model to calculate the value of the stock options. Do not round intermediate calculations and round your answer to decimal places, eg
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