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The current price of a non-dividend paying stock is $44. Over the next year, it is expected to increase to $48.50 or decrease to $42.76.

The current price of a non-dividend paying stock is $44. Over the next year, it is expected to increase to $48.50 or decrease to $42.76. The investor buys one put option contract with a strike price of $44. How many shares of the underlying asset would the trader need to buy to hedge the position? Assume risk-free interest rate is zero.

Note: The investor cannot buy fractional shares

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