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) A 3-month put option on a stock is priced at $2.75. The vega for this put is 9.35. Now assume that suddenly the expected

) A 3-month put option on a stock is priced at $2.75. The vega for this put is 9.35. Now assume that suddenly the expected volatility of the stock increases from an annualized 30% standard deviation to an annualized 37% standard deviation. What do you estimate as the new market price of the put option?

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