Excel Online Structured Activity: Black$-$Scholes Model

Assume the following inputs for a call option: $(1)$ current stock price is $$26,(2)$ strike price is $$31,(3)$ time to expiration is $5$ months, $(4)$ annualized risk$-$free rate is $6\%,$ and $(5)$ variance of stock return is $0\mathrm{.}15.$ 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.

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Open spreadsheet

Use the Black$-$Scholes model to find the price for the call option. Do not round intermediate calculations. Round your answer to the nearest cent.

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