In its $10-Q$ dated February $4,2010,$ LLL$,$ Inc., had outstanding employee stock options

representing over $282$ million shares of its stock. LLL accountants estimated the value of

these options using the Black$-$Scholes$-$Merton formula and the following assumptions:

$S=$ current stock price $=$$$23\mathrm{.}99$

$K=$ option strike price $=$$$26\mathrm{.}42$

$r=$ risk$-$free interest rate $=0\mathrm{.}043$

$=$ stock volatility $=0\mathrm{.}24$

$T=$ time $to$ expiration $=3\mathrm{.}5$ years

What was the estimated value of these employee stock options per share of stock?

$($Note: LLL pays no dividends.$)($Round your answer to $2$ decimal places. Omit the $"$$$"$

sign in your response.$)$

Employee stock

optionsIn its $10-$Q dated February $4,2010,$ LLL$,$ Inc., had outstanding employee stock options representing over $282$ million shares of its stock. LLL accountants estimated the value of these options using the Black$-$Scholes$-$Merton formula and the following assumptions:

S $=$ current stock price $=$ $$23\mathrm{.}99$

K $=$ option strike price $=$ $$26\mathrm{.}42$

r $=$ risk$-$free interest rate $=0\mathrm{.}043$

$\backslash$sigma $=$ stock volatility $=0\mathrm{.}24$

T $=$ time to expiration $=3\mathrm{.}5$ years

What was the estimated value of these employee stock options per share of stock? $($Note: LLL pays no dividends.$)($Round your answer to $2$ decimal places. Omit the $"$$$"$ sign in your response.$)$

Employee stock options $