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A one-year call option contract on Cheesy Poofs Company stock sells for $1,500. In one year, the stock will be worth $50 or $75 per

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A one-year call option contract on Cheesy Poofs Company stock sells for $1,500. In one year, the stock will be worth $50 or $75 per share. The exercise price on the call option is $70. Whats the current value of the stock if the risk-free rate is 3 percent? Multiple Choice $75.54 $118.60 $123.54 $128.49 $142.96

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