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In a one-period binomial model with h= 1, the current price of a non-dividend paying stock is 50, u= 1.2, d= 0.8, and the continuous

In a one-period binomial model with h= 1, the current price of a non-dividend paying stock is 50, u= 1.2, d= 0.8, and the continuous interest rate is 2%. Consider a call option on the stock with strike K= 50. What position in the stock (i.e. long or short and how many) is there in a replicating portfolio of this call option?

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