Cruss Inc. is currently trading at $$150$ per share and pays no dividend. Its volatility is $25\%.$ The current risk$-$free rate of interest is $4\%.$ What portfolio would you buy to replicate a six$-$month European call option on Cruss stock with a strike price of $$165?$

Question $3$Select one:

a$.$

Long $0\mathrm{.}37$ shares and short $$48\mathrm{.}98$ bond.

b$.$

Short $0\mathrm{.}37$ shares and long $$48\mathrm{.}98$ bond.

c$.$

Long $0\mathrm{.}63$ shares and short $$112\mathrm{.}82$ bond.

d$.$

Short $0\mathrm{.}63$ shares and long $$112\mathrm{.}82$ bond.