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 = $100 (up state) and dso = $70 (down state). a. What would be the call option hedge ratio for each of the following exercise prices: $100, $90, $77, $70, given the possible end-of- year stock prices, uso = $100 (up state) and dSo = $70 (down state)? (Round your answers to 3 decimal places.) Exercise Price Hedge Ratio 100 90 77 70