Question: Problem 8-05 Black-Scholes Model Use the Black-Scholes Model to find the price for a call option with the following inputs: (1) Current stock price is

Problem 8-05 Black-Scholes Model Use the Black-Scholes Model to find the price for a call option with the following inputs: (1) Current stock price is $21. (2) Strike price is $24. (3) Time to expiration is 5 months. (4) Annualized risk-free rate is 4%. (5) Variance of stock return is 0.17. Round your answer to the nearest cent. In your calculations round normal distribution values to 4 decimal places.

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