Problem 21-10 Data: 5o = 120; X = 132; 1 + r= 11. The two possibilities for Stare 150 and 96. a-1. The range of Sis 54 while that of Cis 18 across the two states. What is the hedge ratio of the call? (Round your answer to 2 decimal places.) Hedge ratio a-2. Calculate the value of a call option on the stock with an exercise price of 132. (Do not use continuous compounding to calculate the present value of Xin this example because we are using a two-state model here with discrete periods, not a continuous-time Black-Scholes model.) (Do not round intermediate calculations. Round your answer to 2 decimal places.) Call value