Problem $16-3$ Black$-$Scholes Model $($LO$2,$ CFA$2)$

What is the value of a call option if the underlying stock price is $$74,$ the strike price is $$76,$ the underlying stock volatility is $38$ percent, and the risk$-$free rate is $5\mathrm{.}4$ percent? Assume the option has $126$ days to expiration.

Note: Use $365$ days in a year. Do not round intermediate calculations. Round your answer to $2$ decimal places.

Value of a call option