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Consider 2 portfolios, Portfolio X, holding 800 Googles calls and 200 shares of Google; Portfolio Y holds 800 shares of Google. Which portfolio has greater
Consider 2 portfolios, Portfolio X, holding 800 Googles calls and 200 shares of Google; Portfolio Y holds 800 shares of Google. Which portfolio has greater dollar exposure to Google price movements? (The hedge ratio, or option delta, at the current price = .8)
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