8. (5 point) Consider a European call option on a stock, with a $45 strike and 1-year to expiration. The stock has a continuous dividend yield of 2%, and its current price is $48. Suppose the volatility of the stock is 25%. The continuously compounded risk-free interest rate is 6%. Use a one-period binomial tree to calculate the following: (all the intermediary calculation steps are required) (a) All possible stock prices. (b) The number of shares A and the amount B that replicate this call option. (c) The option premium using two different methods (formulas).