You wish to write one European Call contract on Zoom (ZM) with a strike price of $175. Zoom's current price is $158.01, has a u of 1.25, and d of 0.79. The risk free rate is 1% per period. Use a two period binomial model. How many shares of Zoom do you need to purchase to hedge your price risk when you write the call? Note: Answer in number of shares, report up to two decimal places.
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