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PO A stock currently trades at $50 per share, and a call option on the stock has an exercise price of $45. The stock is

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PO A stock currently trades at $50 per share, and a call option on the stock has an exercise price of $45. The stock is equally likely to rise to 62.5 or fall to 37.5. The one-year, risk-free rate is 2 percent. what is the hedge ratio number of call options that must be written)

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