Using the data in Table 21.1, , compare the price on July 24, 2009, of the following options on JetBlue stock to the price predicted by the Black-Scholes formula. Assume that the standard deviation of JetBlue stock is 66% per year and that the short-term risk-free rate of interest is 1.1% per year. a. December 2009 call option with a $5.00 strike price. b. December 2009 put option with a $6.00 strike price. c. March 2010 put option with a $7.00 strike price. Note: Table 21.1 a. December 2009 call option with a $5.00 strike price. The December contract expires on the Saturday (December 19) following the third Friday of December, there are 148 days left until expiration. The price of the call according to the Black-Scholes formula is $ (Round to the nearest cent.) Data Table TABLE 21.1 JetBlue Option Quotes 5.03 +0.11 JBLU Jul 24 2009 @ 17:17 ET Bid 5.03 Ask 5.04 Size 168 x 96 Vol 7335887 Calls Bid Ask Vol Open Int Puts Bid Ask Vol Open Int 0.90 0.80 0.45 0.85 0.55 47 2 125 28 IH 5865 259 6433 0 0.80 1.40 0.85 0.90 1.50 0.95 1000 84 14737 1.00 0.60 1.45 1.55 09 Dec 5.00 (JGQ LA) 09 Dec 6.00 (JGOLF) 10 Jan 5.00 (JGQ AA) 10 Jan 6.00 (JGQ AF) 10 Jan 9.00 (JGQ AI 10 Mar 5.00 (JGQ CA) 10 Mar 6.00 (JGQ CF) 10 Mar 700 (JGQ CG) 22 Enter your answer in the answer box and then click Check Answer. 0.15 09 Dec 5.00 (JGQ XA) 09 Dec 6.00 (JGQ XF) 10 Jan 5.00 (JGO MAI 10 Jan 6.00 (JGQ MF) 10 Jan 9.00 (JGO MI) 10 Mar 5.00 (JGQ OA) 10 Mar 6.00 (JGO OF) 10 Mar 7.00 (JGQ OG) 0.50 0.05 1.05 0.65 0.40 0 0 4.00 1.00 6 0 0 0 000 I F 0 818 50 146 40 4.10 1.10 1.70 2.45 Help Me Solve This 1.15 0.75 0.50 View an Example Get More H 0 41 1.60 2.30 5 3 0