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IBM stock currently sells for 44 dollars per share. The implied volatility equals 45.0 percent. The riskfree rate of interest is 7.0 percent continuously compounded.

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IBM stock currently sells for 44 dollars per share. The implied volatility equals 45.0 percent. The riskfree rate of interest is 7.0 percent continuously compounded. If you owned 100 shares of IBM stock with strike price 45 and maturity of 5 months, how many call options would you have to buy (sell) to create a delta-neutral hedge? Assume each option controls one share of IBM stock

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