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What is the value of a 3-month call option with a strike price of $25 given the Black-Scholes option pricing model and the following information?
Perfect Competitor
A perfect competitor operates in a market where no single buyer or seller has the power to influence prices, and where information, resources, and products are freely and openly available to all.
Imperfect Competitor
A market participant that does not fulfill the criteria of a perfect competitor, often having some control over price or product differentiation.
Perfect Competitor
A market participant that cannot influence the market price and takes it as given because the market is characterized by many buyers and sellers, free entry and exit, and a homogeneous product.
Imperfect Competitor
A firm or entity in a market structure that does not meet the conditions of perfect competition, often possessing some control over its products' prices.
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