Required: a. Consider a call option if in a two-state model, a stock can take a price of $192 or $144, what would be the hedge ratio for each of the. following exercise prices: $192,$190,$180,$144 ? (Leave no cells blank - be certain to enter " 0 " wherever required. Round your answers to 2 decimal ploces, b. What do you conclude about the hedge ratio as the option becomes progressively more in the money? Increases to a maximum of 10 Decreases to a minimum of 0