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Consider a two-state outcome for the following problem:
Shinji Recreational Vehicles
Current Stock Price	$80.00
Exercise Price	$90.00
Risk-free Rate	0.075
Price - High	$100.00
Price - Low	$70.00
Shares Currently Owned	80
Required:
Using the data above, please find the hedge ratio. You currently own several shares of this company. Write calls and buy puts to construct a non-random portfolio (solve for each case). Show the payoff for both outcomes, then solve for present value and the revenue received for each call sold.
Hedge Ratio - Calls	Hedge Ratio - Puts
Call Payoff, High Price		Put Payoff, High Price
Call Payoff, Low Price		Put Payoff, Low Price
Hedge Ratio		Hedge Ratio
Riskless Portfolio	Riskless Portfolio
Calls Written		Puts Needed
Portfolio Value - High Price		Portfolio Value - High Price
Portfolio Value - Low Price		Portfolio Value - Low Price
Present Value of Portfolio		Present Value of Portfolio
Revenue Per Call Option		Cost Per Put