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Assume a trader owns 4,200 shares of Mars stock that is currently selling for $90. A European call option on Mars with a strike price

Assume a trader owns 4,200 shares of Mars stock that is currently selling for $90. A European call option on Mars with a strike price of $95 is selling at $4.5 and has a delta of 0.3. What is the number of European call options necessary to create a delta- neutral hedge?

A.

2,940

B.

1,260

C.

14,000

D.

6,000

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