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A put option represents 100 shares of the underlying stock. The put has a delta of 0.32. The price of the underlying stock is $130.

A put option represents 100 shares of the underlying stock. The put has a delta of 0.32. The price of the underlying stock is $130. The stock declines in value to $125. What is the change in the value of the option? (Be sure to specify that the change is positive or negative.)

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