The current spot price of a stock is $100 per share, and the risk-free rate is 5%. The stock pays no dividends and costs nothing to store. The forward price is $105. Each period the stock price either doubles (u=2) or halves (d=1/u=0.5) Consider a long call position with a strike of $110. If the price increases (S0=$100,S1=$200), then the call pays off ninety dollars (CU=$90) If the price decreases (S0=$100,S1=$50), then the call pays off zero (CD=$0). 8. Draw the tree for the call for a single time period