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The current price of a non - dividend - paying stock is $ 3 7 . 7 8 . Over the next year it is

The current price of a non-dividend-paying stock is $37.78. Over the next year it is expected to rise to $52.97 or fall to $26.99. An investor buys a
one-year put option, with a strike price of $44.99. In order to hedge the option position, how many shares should the investor buy or sell?
Hint: It is possible to buy or sell a fraction of one share. Please state a positive number to indicate a long position in the stock, and a negative
number to indicate a short position.
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