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A one-year call option contract on Cheesy Poofs Co. stock sells for $1,160. In one year, the stock will be worth $48 or $69 per

A one-year call option contract on Cheesy Poofs Co. stock sells for $1,160. In one year, the stock will be worth $48 or $69 per share. The exercise price on the call option is $61. 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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