Our friend will give you a gift of the minimum of 100 and $150 at the end of 4 years. You are given:

• The continuously-compounded risk-free rate for dollars is 10%.

• The continuously-compounded risk-free rate for euros is 4%.

• The current exchange rate is 1 = $1.55.

• A European option to buy $1.50 for 1 at the end of 5 years costs 0.01.

  Calculate the current value of the gift in dollars.