Consider a put option currently selling for $$4$ with a strike price of $$120$ and hedge ratio of $-0\mathrm{.}4$; the price of

the underlying stock price is $$122.$ If the stock price increases by $1\%,$ the change in the put option$$s value will

be

A$)-12\mathrm{.}20\%$

B$)-8\mathrm{.}19\%$

C$)0\mathrm{.}00\%$

D$)10\mathrm{.}00\%$