Question: What does an equity option's delta reflect? a. The volatility of the underlying stock price b. The dividends paid to the underlying stockholders C. The

 What does an equity option's delta reflect? a. The volatility of

What does an equity option's delta reflect? a. The volatility of the underlying stock price b. The dividends paid to the underlying stockholders C. The number of shares needed to replicate one call option d. The time to expiration

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