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Question 16 One share of Abby Hannah Inc. is currently trading at $49 per share. In one year, the price is expected either (1) rise

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Question 16 One share of Abby Hannah Inc. is currently trading at $49 per share. In one year, the price is expected either (1) rise to $65 or (2) fall to $40. You are interested in purchasing a call option on Abby Hannah Inc. The option has a strike price of $57 and expires in 1 year. The current risk-free rate for the year is 3%. You have the ability to short this option for $4.00 (which is overpriced). To arbitrage this position, you will simultaneously buy __ shares of Abby Hannah at the current price, and borrow $12.427184 to partially finance the position. You will earn a risk-free return from doing this. As shown in class, how many shares of Abby Hannah Inc, do you buy? Answer to two decimal places, rounded to two decimal places. That is, if your answer is either 0.1189 shares or 0.1233 shares, enter "0.12

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