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(Option Greeks) A stock is trading at $60 and has an annual volatility of 25%. The risk-free interest rate is 2%. A 3-month European put

(Option Greeks) A stock is trading at $60 and has an annual volatility of 25%. The risk-free interest rate is 2%. A 3-month European put has a strike price of $55.

What is the vega of the put? Intuitively, why is vega positive?

If you have sold the put, how do you fully hedge your position with stock and bond?

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