12. Use the data in the table to answer the following questions. Assume that call and put options are available in a contract covering 100 shares OUTPUTS INPUTS STOCK PRICE CALL PUT 10.0000 OPTION VALUE 0.963 0.717 EXERCISE PRICE 10.0000 0.5000 DELTA 0.589 -0.411 STD. DEV. OF RETURNS 30.00 RISK FREE RATE 5.00 a) If you owned 1,000 shares of stock, describe the quantity and type of transaction (buy or write) to hedge using call options. b) If you owned 1,000 shares of stock, describe the quantity and type of transaction (buy or write) to hedge using put options. 12. Use the data in the table to answer the following questions. Assume that call and put options are available in a contract covering 100 shares OUTPUTS INPUTS STOCK PRICE CALL PUT 10.0000 OPTION VALUE 0.963 0.717 EXERCISE PRICE 10.0000 0.5000 DELTA 0.589 -0.411 STD. DEV. OF RETURNS 30.00 RISK FREE RATE 5.00 a) If you owned 1,000 shares of stock, describe the quantity and type of transaction (buy or write) to hedge using call options. b) If you owned 1,000 shares of stock, describe the quantity and type of transaction (buy or write) to hedge using put options