Problem $16-15$ Black$-$Scholes Model $($LO$2,$ CFA$2)$

A call option has an exercise price of $$59$ and matures in $3$ months. The current stock price is $$67,$ and the risk$-$free rate is $5\mathrm{.}5$ percent

per year, compounded continuously. What is the price of the call if the standard deviation of the stock is $0$ percent per year? $($Do not

round intermediate calculations. Round your answer to $2$ decimal places.$)$

Call price