Reconsider the determination of the hedge ratio in the two-state model where we showed that one-third share of stock would hedge one option. The possible end-of-year stock prices, uso = $90 (up state) and dso = $54 (down state). a. What would be the call option hedge ratio for each of the following exercise prices: $90, $71, $63, $54, given the possible end-of- year stock prices, uso = $90 (up state) and dso = $54 (down state)? (Round your answers to 3 decimal places.) Hedge Ratio Exercise Price $ 90 $ 71 $ 63 $ 54