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If the spot rate changes from $1.70/ to $1.71/ and there is an option with an initial premium of $0.033/ and a delta of 0.7,
If the spot rate changes from $1.70/ to $1.71/ and there is an option with an initial premium of $0.033/ and a delta of 0.7, then the new option premium would be
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
