Dynamic Hedging

Can someone take a look at question 97 in Schweser Mock #6? The answer seems off.

Here they are dividing delta by (1/delta) to come up with the hedge ratio of a long stock position, while in the material it is (# of shares / delta) = short call position.

The answer is not off. 1/delta*# of shares = # of shares/delta. Simple math.

duh…thanks!

It happens when you study too hard lol