Why are contingent assets and liabilities like options? What is meant by the delta of an option?

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Why are contingent assets and liabilities like options? What is meant by the delta of an option? What is meant by the term notional value?
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Financial Institutions Management A Risk Management Approach

ISBN: 978-0071051590

8th edition

Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders

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