A financial analyst is assigned the task of determining the price of a 1-year European call option for REX Corporation's shares by employing the Black-Scholes-Merton (BSM) model. It is important to note that REX Corporation has announced a dividend payout of USD 1.25 per share, which is scheduled for distribution on the ex-dividend date, one month from now. No other dividends are planned for the year. The essential parameters required for computing the call option price using the BSM model are provided in the following table:

Current stock price (So)	USD 60
Stock price volatility (σ)	12% per year
Risk-free rate (r)	3.5% per year
Call option exercise price (k)	USD 60
N(d1)	0.570143
N(d2)	0.522623