A stock has a beginning market value of $75. It can either increase in value 15% each year or decrease in value by 15%. A 3-year European call option written on the stock has an exercise price of $75. The risk-free rate of return is 5% per year. What is the current equilibrium price of the call option if you maintain a riskless portfolio by readjusting your relative positions in stocks and puts at the end of each year? X=75 MAKE SURE TO WORKOUT CLEARLY THE STEPS TO AVOID 50% PENALTY. 15.29 17.92 13.57 11.73 A stock has a beginning market value of $75. It can either increase in value 15% each year or decrease in value by 15%. A 3-year European call option written on the stock has an exercise price of $75. The risk-free rate of return is 5% per year. What is the current equilibrium price of the call option if you maintain a riskless portfolio by readjusting your relative positions in stocks and puts at the end of each year? X=75 MAKE SURE TO WORKOUT CLEARLY THE STEPS TO AVOID 50% PENALTY. 15.29 17.92 13.57 11.73