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Today's price of Apple (AAPL) is $150 per share. AAPL does not pay dividends. One year from today, there are two possible states. In the

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Today's price of Apple (AAPL) is $150 per share. AAPL does not pay dividends. One year from today, there are two possible states. In the u state, the economy is booming and the price of AAPL is $225. In the d state, the economy is suffering and the price of AAPL is $75. The c.c. risk-free interest rate is one percent. You are interested in a European call option on AAPL with a strike of $150 and a maturity of one year. Assume there is no arbitrage. What is the price of the call option? Round your answer to three decimal places

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