All else being equal, how does the hedge ratio of a call option with a high exercise price compare to the hedge ratio of an option with a low exercise price on the same underlying?

a.

The two options have identical hedge ratios because the underlying is the same

b.

Option with a high exercise price has a lower hedge ratio than one with a low exercise price

c.

Exercise price has no effect on the hedge ratio, so the two options have identical hedge ratios

d.

Option with a high exercise price has a higher hedge ratio than one with a low exercise price