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Suppose the delta of a call is 0.75. Approximately, how much will the price of the call change if the underlying stock increases in value
Suppose the delta of a call is 0.75. Approximately, how much will the price of the call change if the underlying stock increases in value by $1.00?
1. $1.33
2. More Information Needed
3. $1.00
4. $1.75
5. $0.75
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