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The hedge ratio of an at-the-money call option on IBM is 0.37. The hedge ratio of an at-the-money put option is -0.63. What is

The hedge ratio of an at-the-money call option on IBM is 0.37. The hedge ratio of an at-the-money put option is -0.63. What is the hedge ratio of an at-the-money straddle position on IBM? Note: Negative answer should be indicated by a minus sign. Round your answer to 2 decimal places. Hedge ratio

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