Consider a 6-month bull call spread on AAPL with strikes of $200 and $225. AAPL spot price is $215 and its volatility is 15%. The risk-free rate is 4% per annum continuously compounded. We assume that AAPL is not expected to pay any dividend. (b) What are the break-even point(s), the maximum profit and maximum loss for this strategy? (2 marks) (c) Without using the binomial tree, what is the premium of the bear put spread with the same strike prices? Explain. (