I. M. Greedy has been granted options on 500,000 shares. The stock is currently trading at $48 a share and the options are at the money. The standard deviation of returns averages 31 percent. The options mature in 5 years and the risk-free rate is 3.68 percent. What is the value of e?Rt?

A) .6087
B) .7087
C) .7952
D) .8476
E) .8319


E) .8319

Business

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