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You own an at-the-money European call option on Amazon (AMZN) with a maturity of one year. The delta of your call option is 0.50. If

You own an at-the-money European call option on Amazon (AMZN) with a maturity of one year. The delta of your call option is 0.50. If the spot price of AMZN instantly declines by $0.01 per share, what is the approximate price change of your European call option? Round your answer to three decimal places.

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