What is the current value of the stock if the risk-free


A one-year call option contract on Cheesy Poofs Co. stock sells for $1,320. In one year, the stock will be worth $64 or $85 per share. The exercise price on the call option is $77. What is the current value of the stock if the risk-free rate is 2 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Current stock value $

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Financial Management: What is the current value of the stock if the risk-free
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