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Washington considers a call option that has a delta of 0.35. If the price of the underlying asset decreases by $5, then what is the

Washington considers a call option that has a delta of 0.35. If the price of the underlying asset decreases by $5, then what is the best estimate of the change in option price?

a. An increase of $1.75

b. A decrease of $14.28

c. A decrease of $1.75

d. An increase $14.28

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