A one year call option contract on Cheesy Poofs Co. stock sells for $1,300. Each contract is for 100 shares of stock. In one year, the stock will be worth $40 or $60 per share. The exercise price on the call option is $55. What is the current value of the stock if the risk-free rate is 4 percent?
a. $65.88
b. $64.46
c. $51.46
d. $104.88
this is what i get, but answer isnt in the selection
C0 = 1,300/100=$13 per share
13*((60-40)/(60-55)) + 40/1.04=90.4615