A stock is currently priced at 26 a share while the 30 put

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A stock is currently priced at $26 a share while the $30 put option is priced at $5.22. The put option delta is -.25 What is the approximate put price if the stock increases in value to $27?

a) $3.76

b) $4.97

c) $5.08

d) $5.27

e) $5.50

Reference no: EM13575293

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