All else being equal, how does the hedge ratio of a call option with a high exercise price compare to the hedge ratio of an option with a low exercise price on the same underlying?

Select one:

A. Option with a high exercise price has a higher hedge ratio than one with a low exercise price

B. Option with a high exercise price has a lower hedge ratio than one with a low exercise price

C. Exercise price has no effect on the hedge ratio, so the two options have identical hedge ratios

D. The two options have identical hedge ratios because the underlying is the same