Consider a call option on a stock. The option's price per share is $2.79, the...
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Consider a call option on a stock. The option's price per share is $2.79, the option's strike price is $55, the option's delta is 0.402, and the option's gamma is 0.058. Suppose the underlying stock price decreases by $3.39 per share. Using both delta and gamma, what is the estimated change in the option's price per share?
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