Question 12 The delta of a put option is 1. Usually positive 2. 3. Usually negative Always an integer O 4. None of above Question 13 The delta is number of stocks in 1. A riskless portfolio of government bonds 2. In a perfectly hedged portfolio of stocks and bonds 3. In a risky portfolio of stocks 4. None of above Question 14 The value of delta 01. Varies from node to node 2. Does not vary from node to node 3. Remains fixed on all nodes 4. None of above