Question Assume the Black-Scholes framework. Consider a call option on a non- dividend paying stock. You are given: i) The strike price is 110% of the stock price ii) N (d₁) = 0.31075 iii) N (d₂) = 0.25987 Determine the elasticity of the call option. Possible Answers A 8.8 B 9.4 C 10.0 D 10.6 E 11.2

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