Reconsider the determination of the hedge ratio in the two-state model (Section 16.2), where we showed that one-third share of stock would hedge one option. a. Assuming a stock price of $392, what would be the hedge ratio for each of the following exercise prices: $392, $336, $280, $252? (Leave no cells blank - be certain to enter "0" wherever required. Round your answers to 2 decimal places.) X Hedge Ratio $ 392 $ 336 $ 280 $ 252