ɪf ðɪ ˈɪntɹɛst ɹˈeɪt ɪz ˈeɪt pɚsˈɛnt pɜːɹ ˈænəm ænd ðə vˌɑːlɐtˈɪlᵻɾi ɪz θˈɜːɾi pɚsˈɛnt pɜːɹ ˈænəm, ðˈɛn ðə pɹˈaɪsᵻz fɚðɪ ˈɑːpʃənz mˌaɪt bˈiː:
If the interest rate is 8% per annum and the volatility is 30% per annum, then the prices for the options might be: