The hedge ratio is defined as the number of shares required to hedge against the price risk of holding one option. A deep out-of-the-money call has the same hedge ratio as one that is less deep out-of-the-money." Appraise whether the statement is true or false, and give your reasons. (6 marks) The hedge ratio is defined as the number of shares required to hedge against the price risk of holding one option. A deep out-of-the-money call has the same hedge ratio as one that is less deep out-of-the-money." Appraise whether the statement is true or false, and give your reasons. (6 marks)