Question 3 2 pts A bank's position in OTC options on the dollar-sterling exchange rate with a current delta of - 400 and a current vega of 501. The exchange rate (dollars per pound sterling) is 0.72 and the volatility of the exchange rate is 22.9% per annum. If the volatility of the exchange rate was to suddenly change to 27.8% per annum, what would be your best estimate of the change in the value of the bank's position in OTC options? Your answer should be a number without any currency sign and if the change is a decrease then there should be negative sign at the front lie., if the value goes up by $100 you should write 100, but if it goes down by $100 you should write - 100). Question 4 Question 3 2 pts A bank's position in OTC options on the dollar-sterling exchange rate with a current delta of - 400 and a current vega of 501. The exchange rate (dollars per pound sterling) is 0.72 and the volatility of the exchange rate is 22.9% per annum. If the volatility of the exchange rate was to suddenly change to 27.8% per annum, what would be your best estimate of the change in the value of the bank's position in OTC options? Your answer should be a number without any currency sign and if the change is a decrease then there should be negative sign at the front lie., if the value goes up by $100 you should write 100, but if it goes down by $100 you should write - 100). Question 4