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3. (4 pts) If an option with a delta of 0.53 is trading at a price of USD 10.00 when the underlying is trading at

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3. (4 pts) If an option with a delta of 0.53 is trading at a price of USD 10.00 when the underlying is trading at USD 100.00 what is the approximate value of the option if the price of the underlying increases to USD 100.65? Assume there is no change in the implied volatility, interest rate, or time to expiration

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