What is the value of d1

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The CFO of Financial Savings has just been granted at-the-money options on 200,000 shares. The options expire in three years. The firm's stock is currently trading at $22 a share, the volatility of the returns as measured by standard deviation is 19 percent, and the continuously compounded risk-free rate is 3.6 percent. What is the value of d1 as it is used in the Black- Scholes option pricing model?

Reference no: EM133071689

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