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A one - year call option contract on Cheesy Poofs Co . stock sells for $ 7 2 5 . In one year, the stock

A one-year call option contract on Cheesy Poofs Co. stock sells for $725. In one year, the stock will be worth
2$64 or $81 per share. The exercise price on the call option is $70. What is the current value of the stock if the risk-free rate is 3 percent?
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\table[[Call contract price,$725
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