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A portfolio consists of 100 shares of stock and 390 puts on that stock. If the hedge ratio for the put is -0.8 what would

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A portfolio consists of 100 shares of stock and 390 puts on that stock. If the hedge ratio for the put is -0.8 what would be the dollar change in the value of the portfolio in response to a $2 decline in the stock price? Enter the answer in number (without the $ son, and round the answer to have no decimal point

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