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Required: Calculate the elasticity of a call option with a premium of $3.50 and a strike price of $63. The call has a hedge

Required: Calculate the elasticity of a call option with a premium of $3.50 and a strike price of $63. The call has a hedge ratio of 0.7, and the underlying stock's price is currently $51. (Do not round your intermediate calculations and round your percentage answer to 2 decimal places.) Elasticity of the call %

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