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16. Given: delta of a call option = 0.6, call premium = $10 and underlying stock price = $100. You have bought 20 option contracts.

16. Given: delta of a call option = 0.6, call premium = $10 and underlying stock price = $100. You have bought 20 option contracts. Following the delta-hedging strategy, you need A) B) C) D) To buy 200 shares of stock To sell 2,000 shares of stock To purchase 1,200 shares of stock To sell 1,200 shares of stock

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