Question: Immediately after establishing your put options hedge, volatility for Dell stock suddenly jumps to 45 percent. This changes the number of put options required to

Immediately after establishing your put options hedge, volatility for Dell stock suddenly jumps to 45 percent. This changes the number of put options required to hedge your Dell employee stock options. How many put option contracts are now required? (Except for the new volatility, use the same assumptions specified in the previous problem.)

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