QUESTION 9 Suppose we are given the following information of a stock S = 100, 5%, -30%, and the dividend yield of the stock is 3%. If an Investor wants to set up a bull spread (which to long or to short) using call options at strike price of $110 and $120 with 0.5 years to maturity, then, theoretically, which of the following creates a perfect hedge for the spread? (assuming one option covers one share of stock) Shorting 0.417 share of stock Shorting 0.308 share of stock Shorting 0.108 share of stock Shorting 0.725 share of stock