5) Hypothetical Resources is currently trading at 85. Over the past year we have seen stock price volatility at 40% and the interest rate a fairly steady 5.750%. Jacques is considering a pair on1 day (t=0.25) options with a strike price of $80. The Delta Hedge ratio tells us that it will take shares to hedge 1 contract. The fair value of the call option is $ per share. The probability that the call option will expire worthless (to the nearest percent) is % The fair value of the put is $ per share. The probability that the put option will expire worthless (to the nearest percent) is %