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Consider a put option currently selling for $ 4 with a strike price of $ 1 2 0 and hedge ratio of - 0 .

Consider a put option currently selling for $4 with a strike price of $120 and hedge ratio of -0.4; the price of
the underlying stock price is $122. If the stock price increases by 1%, the change in the put options value will
be
A)-12.20%
B)-8.19%
C)0.00%
D)10.00%

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