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12. Use the data in the table to answer the following questions. Assume that call and put options are available in a contract covering 100

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12. Use the data in the table to answer the following questions. Assume that call and put options are available in a contract covering 100 shares. INPUTS OUTPUTS STOCK PRICE 10. 0000 CALL PUT EXERCISE PRICE 10. 0000 OPTION VALUE 0.963 0.717 EXPIRATION (YEARS) 0 . 5000 DELTA 0.589 -0.411 STD. DEV. OF RETURNS 30 . 00% RISK FREE RATE 5. 00% a) If you owned 1,000 shares of stock, describe the quantity and type of transaction (buy or write) to hedge using call options

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