A Put Option with a Price of $10

question 68

Multiple Choice

A put option with a price of $10.21 has a delta of-0.51. If the underlying stock price increases by $1.30, what is the new put price?

• A) $10.87
• B) $9.70
• C) $10.72
• D) $9.55
• E) $10.61

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