Question: On July 2 , 2 0 2 0 , the share price of Tesla at market close was $ 1 2 0 8 . 6

On July 2,2020, the share price of Tesla at market close was $1208.66. The European call option with a strike price of $1100 expiring on December 18,2020 closed at a price of $273. Assume an annual risk-free rate of 0.70%. Based on the BlackScholes model, what was the implied volatility for Teslas stock price? Provide your answer in percent. (Do not input the unit "%".) Round your answer to two decimal places.

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