Question: You are evaluating a put option on K O with a strike price of $ 1 3 4 . If K O is able to

You are evaluating a put option on KO with a strike price of $134.
If KO is able to launch a new beverage line, the price per share will go up to $173. Otherwise, the price will go down to $111. Let's assume that these are the only two possible scenarios. PEP shares today are trading at $128.
What is the hedge ratio (delta) of this put option?
Please round your answer to the nearest three decimals (i.e.0.414).
You are evaluating a put option on KO with a strike

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