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36. A stock is trading at $20. A one-month put with a strike of 19 is valued at $0.360 and has a rho of -

36. A stock is trading at $20. A one-month put with a strike of 19 is valued at $0.360 and has a rho of - 0.50. A decrease of 10 basis points in the interest rate changes the put value by (a) - 0.005. (b) +0.005. (c) - 0.05 (d) +0.0005. Answer d

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