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Can you please show your work? and no excel please I do not know...

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Finance

Can you please show your work? and no excel please
I do not know how to get N(d1)
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Question 29 (1 point) A hedge fund with net asset value of $100 per share currently has incentive fee of 20% on any investment return over 5% risk-free money market rate. The standard deviation of the fund's annual returns is 30%. The value of incentive fee can be calculated using Black-Scholes call option pricing formula. What is the N(d1) for this call option? a) 0.5596 Ob) 0.4551 Oc) 0.4791 d) 0.6236 Hide hint for Question 29 Slide #37; Use the standard normal distribution table provided with Chapter 15. Incentive Fee as Call Optic Example 20.4 (p. 677) o= 30% = 0.30 Incentive fee = 20% of return over risk-free money rate of 5% (4.88% rate continuously compounded LN(1.05)) NAV = $100 = S. X = $100(1 +.05) = $105 T= 1; 8 = 0 C = Soe-on(d) - Xe-IT N(d) n(so/x)+(r-8+02/2)T}. {In(100/105)+(0.0488-0+0.3272)1} di = OVT 0.3v1 dz = d; -OVT = 0.1500 0.3V1 =? Ndx) = 0.50+?=?; Nd,)= 0.50?=? C = 100xe-0x1x0.5596 - 105xe -0.0488x1x0.4404 =? Incentive fee = 0.20xC = 0.20x11.92 =? 'Incentive fee (%) = $2.384/$100=? Total fee = 2% + 2.38% =

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