Suppose a share of stock sells for $59. The risk-free rate is 7 percent, and the stock price in one year will be either $65 or $75. (Leave no cells blank - be certain to enter "0" wherever required.)
What is the value of a call option with an exercise price of $65?
Calculate the minimum return on the stock required to get the option in the money. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)