Use the Black-Scholes option pricing model to price a one-year at the money call option on a stock that is trading at $50 per share, Rf is 5%, annual volatility is 25%. REMEMBER TO USE THE NORMAL PROBABILITY DOCUMENT posted on moodle. You are not allowed to use Excel, you can only use your financial calculator. Show all your work, including intermediate steps. Simply writing the final answer will not get credit, even if the answer is correct.

a) What is d1?

b) What is d2?

c) Using the NORMAL DISTRIBUTION TABLEposted on moodle (not excel or probabilities from anywhere else), what is N(d1) and N(d2)? Don't interpolate, just use the closest one.

d) What is the call price?