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Question
A 6-month call option on ABC stock is priced at $3.60. The call option delta is 0.76. How will the approximate call option price be computed if the underlying stock price increases by $1?A. $3.60
B. $3.60 - $0.76
C. $3.60 + $0.76
D. $3.60 .76
E. $3.60 (1 + .76)
Answer
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