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A one-year call option contract on Cheesy Poofs Company stock sells for $1,600. In one year, the stock will be worth $45 or $70 per

A one-year call option contract on Cheesy Poofs Company stock sells for $1,600. In one year, the stock will be worth $45 or $70 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 4 percent? Multiple Choice $83.27 $68.87 $79.94 $97.69 $86.60

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