The board of directors of XUP Ltd has decided to grant at-the-money European call options on the company's stock to its CEO, which is currently trading at $50 per share. The stock pays no dividends....

Extracted text: The board of directors of XUP Ltd has decided to grant at-the-money European call options on the company's stock to its CEO, which is currently trading at $50 per share. The stock pays no dividends. The options will expire in 4 years, and the standard deviation of the returns on the stock is 55%. Treasury bills that mature in 4 years currently yield a continuously compounded interest rate of 6%. Compute the price of option using excel and share the formula template.