We will derive a two-stale call option value in this problem Data S_0 = 110; x = 120; 1+r = 1.1 The two possible for S_r are 140 and 100. The range of s is 40 while that of C is 20 across the two states. What is the hedge ratio of the call? (round your answer to 2 decimal places.) Hedge ratio Calculate the value of a call option on the stock with an exercise price of 120 (Do not use continuous compounding to calculate the present value of X in this example, because the interest rate is quoted as an effective per-period rate) (Do not round intermediate calculations. Round your answer to 2 decimal places.) Call value dollar