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A trader holds a riskless portfolio that contains a short position in 100 call options and a long position in delta shares, where delta is

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A trader holds a riskless portfolio that contains a short position in 100 call options and a long position in delta shares, where delta is 0.40. How many long positions are necessary to hedge the trader's position? a. 20 shares. b. 40 shares. 250 shares. oc d. 500 shares

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