A 6-Month Call Option on ABC Stock Is Priced at $3.60.The

Multiple Choice

A 6-month call option on ABC stock is priced at $3.60.The call option delta is 0.76.How will the approximate call option price be computed if the underlying stock price increases by $1?

A) $3.60
B) $3.60 - $0.76
C) $3.60 + $0.76
D) $3.60 × .76
E) $3.60 × (1 + .76)