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A bank has just sold 500,000 call options on shares of a stock. The strike price is 40; the stock price is 40; the continuously

A bank has just sold 500,000 call options on shares of a stock. The strike price is 40; the stock price is 40; the continuously risk-free rate is 5%; the volatility is 30%; and the time to maturity is 0.25. What position should the company take in the stock for delta neutrality?

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