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Today's price of Shake Shack (SHAK) is $40. SHAK does not pay dividends. One year from today, there are two possible states. In the u

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Today's price of Shake Shack (SHAK) is $40. SHAK does not pay dividends. One year from today, there are two possible states. In the u state, the price of SHAK is $60. In the d state, the price of SHAK is $20. The c.c. risk-free interest rate is zero percent. Assume there is no arbitrage. A cube derivative has payoffs Xu=Su3 and Xd=Sd3. What is the price of the cube derivative? Round your answer to three decimal places

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