Consider aptions on Apple that is six months from maturity: Suppose the current value of the Apple stock is $200, the execise price is 210 the rist-free rate is 10% per annum, and the volatility of the index is 30% per annum. Dividend yield is zero.

Compute the call option price on the Apple stock using the Black-Scholes model. You will need the following "d" and "N(d)" for the flack-Scholes model (BSM). Use the closest value of "d" in the table to find out the value of "N(d)."

O Larger than $7 but less than $12

O larger than $3 but less than $7

O Less than $3

9 larger than $15

Larger than $12 but less than $15