A stock is currently priced at $64. The stock will either increase or decrease by 10...

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A stock is currently priced at $64. The stock will eitherincrease or decrease by 10 percent over the next year. There is acall option on the stock with a strike price of $60 and one yearuntil expiration.
Assume the risk-free rate is 5 percent. What is the risk-neutralvalue of the option? (Do not round intermediatecalculations and round your answer to 2 decimal places, e.g.,32.16.)
Call value $

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A stock is currently priced at $64. The stock will eitherincrease or decrease by 10 percent over the next year. There is acall option on the stock with a strike price of $60 and one yearuntil expiration.Assume the risk-free rate is 5 percent. What is the risk-neutralvalue of the option? (Do not round intermediatecalculations and round your answer to 2 decimal places, e.g.,32.16.) Call value$