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A one-year call option contract on 1 stock sells for $1,100. In one year, the stock will be worth $40 or $65 per share. The

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A one-year call option contract on 1 stock sells for $1,100. In one year, the stock will be worth $40 or $65 per share. The exercise price on the call option is $60. What is the current value of the stock if the risk-free rate is 5 percent? Multiple Choice $96.82 $89.37 $57.90 $112.14 $93.10

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