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A stock is currently priced at $35 a share while the $40 put option is priced at $5.22.The put option delta is -0.14.What is the approximate put price if the stock increases in value to $38?
Increase
An upward movement in quantity, size, value, or any other measure, indicating growth.
Decrease
A reduction in size, quantity, or degree of something.
Accrual Accounting
An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.
Rent Expense
The cost incurred by a company to lease property or equipment for business operations, reported as an operating expense.
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