Question 9 You are given the following data on call and put premiums in pence per share for Company ABC shares which are currently priced in the market at 311 pence. Each contract refers to 1000 to shares. - Call premiums in pence - Put premiums in pence Strike September Prices September 330 . ence i. You expect the share price to rise to 400 pence discuss a speculative strategy and the prots/losses at a range of different prices for the underlying share in September. [4 marls] ii. You own 1000 shares in Company ABC and fear that the share price might fall to 200 pence. Discuss a hedging strategy using the above contracts and the approximate value of your net hedged position at a range of different prices for the underlying share in September. [6 marks]