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Assume the Black-Scholes model holds. The stock pays no dividend. Your portfolio contains a stock, a put, and a call on the stock. The
Assume the Black-Scholes model holds. The stock pays no dividend. Your portfolio contains a stock, a put, and a call on the stock. The call and the put have the same expiration and same strike price. N(d1)=0.2. If the stock price increases by 1 dollar, your portfolio's value will change by dollars (negative numbers mean decreases. Keep 2 decimal places.)
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