The chart below shows the premium of a put option, at various possible stock prices. Exercise price 9 Time to expiration(T Risk-free rate (R) Annualized std. dev 2. 3.000% .(SIGMA) 50.00% 512 $11 $10 $8 $6 $4 $3 $2 $1 s0 s0 $1 s2 $3 $4 $5 $6 s7 $8 $9 $10 $11 $12 $13 $14 ss S16 $17 $18 $19 s20 Stock Price Put Premium On the chart, show how you would graphically estimate the put delta at each of these stock prices in the table below. Stock Price Estimated Delta Hedge Ratio 12 If you own the stock, would you buy or write put options to hedge? Explain why