a. Consider a call option. If in a two-state model, a stock can take a price of $192 or $144, what would be the hedge ratio for each of the following exercise prices: $192. $190, $180, $144? (Leave no cells blank - be certain to enter "0" wherever required. Round your answers to 2 decimal places.) Hedge Ratio $ 192 $ 190 rences b. What do you conclude about the hedge ratio as the option becomes progressively more in the money? O Increases to a maximum of 10 O Decreases to a minimum of O