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33. You wrote (shorted or sold) a currency put on Yen 100 million. You have used Excel to obtain the put delta which is 0.73.

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33. You wrote (shorted or sold) a currency put on Yen 100 million. You have used Excel to obtain the put delta which is 0.73. To delta-hedge your risk on the put position. you should (a) short the spot currency by Yen 73 million. (b) long the spot currency by Yen 73 million. (c) short the spot currency by Yen 100 million. (d) long the spot currency by Yen 100 million

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