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Given the following information, predict the put option's new price after the stock's volatility changes . Initial put option price = $8 Initial volatility =

Given the following information, predict the put option's new price after the stock's volatility changes.

Initial put option price = $8

Initial volatility = 19%

Vega = 14

New volatility = 25%

(required precision 0.01 +/- 0.01)

Greeks Reference Guide:

  • Delta = /S
  • Theta = /t
  • Gamma = (2)/(S2)
  • Vega = /
  • Rho = /r

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