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Using the Pricing Equation [LO2] A one-year call option contract on Chao Phraya Co. stock sells for $1,300. In one year, the stock will be

Using the Pricing Equation [LO2] A one-year call option contract on Chao Phraya Co. stock sells for $1,300. In one year, the stock will be worth $50 or $65 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

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