CUMULATIVE NORMAL DISTRIBUTION TABLE 
-Refer to the information above. Calculate the value of a call option on a stock that is
currently selling for $88 if the strike price is $90, the option expires in 3 months, the
implied volatility of the underlying stock returns is 22%, and the annualized risk-free
rate is 4%.
Definitions:
Purchasing Power
The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.
Gross Domestic Product
The total value of all goods and services produced within a country's borders in a specific time period.
Currency Fluctuation
The variation in the exchange rate of one currency relative to another over time, influenced by economic factors, market demand, and geopolitical events.
Trade Restrictions
Government-imposed regulations that limit the free import and export of goods between countries, often to protect domestic industries.
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