Assume that you own one (1) share of stock in Clampett Oil, which is currently valued at $91. Assume that 3 year(s) from now the stock price will either be $120 or $71. The annualized risk-free rate is 5 and you can hold (i.e., buy or go long) or write (i.e., sell, or go short) Clampett Oil call options with an exercise price of $96. Calculate the hedge ratio. Report your answer as a fraction and round to two decimals.