Data: So 120; X = 126; 1+r=1.05. The two possibilities for Smare 150 and 102. a-1. The range of Sis 48 while that of Cis 24 across the two states. What is the hedge ratio of th decimal places.) Hedge ratio 0.50 a-2. Calculate the value of a call option on the stock with an exercise price of 126. (Do not use co the present value of Xin this example because we are using a two-state model here; the assume per period.) (Do not round intermediate calculations. Round your answer to 2 decimal places. Call value $ 11.43