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A one-year call option contract on Cheesy Poofs Co. stock sells for $1,280. In one year, the stock will be worth $60 or $81 per
A one-year call option contract on Cheesy Poofs Co. stock sells for $1,280. In one year, the stock will be worth $60 or $81 per share. The exercise price on the call option is $73. What is the current value of the stock if the risk-free rate is 2 percent? (Round your answer to 2 decimal places. (e.g., 32.16)) |
Current stock value | $ |
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