pls solve

a. Consider a call option. If, in a two-state model, a stock can take a price of $188 or $141, what would be the hedge ratio for each of the following exercise prices: $188, $185, $175, $141? (Leave no cells blank - be certain to enter "O" wherever required. Round your answers to 2 decimal places.) X Hedge Ratio $ 188 $ 185 $ 175 $ 141 b. What do you conclude about the hedge ratio as the option becomes progressively more in the money? O Increases to a maximum of 1.0 O Decreases to a minimum of O