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The gamma and vega of a delta - neutral portfolio are 5 0 and 2 5 , respectively, where vega is per % . Estimate

The gamma and vega of a delta-neutral portfolio are 50 and 25, respectively, where vega is per %. Estimate what happens to the value of the portfolio when there is a shock to the market causing the underlying asset price to increase by R3 and its volatility to decrease by 4%.(3)

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