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The Black-Scholes-Merton formula for a European call option price is $C = S_0 N(d_1) - X e^{-rT} N(d_2)$. In this formula, $S_0$ is the current stock price, $X$ is the strike price, $r$ is the risk-free interest rate, $T$ is the time to maturity, $N(\cdot)$ is the cumulative distribution function of the standard normal distribution, and $d_1$ and $d_2$ are intermediate variables.

Conditions: The option is a European call option.; The underlying asset pays no dividends during the life of the option.

The Black-Scholes-Merton formula for a European call option price is $C = S_0 N(d_1) - X e^{-rT} N(d_2)$. In this formula, $S_0$ is the current stock price, $X$ is the strike price, $r$ is the risk-free interest rate, $T$ is the time to maturity, $N(\cdot)$ is the cumulative distribution function of the standard normal distribution, and $d_1$ and $d_2$ are intermediate variables.

Conditions: The option is a European call option.; The underlying asset pays no dividends during the life of the option.