A trader has a put option contract to sell 100 shares of a


A trader has a put option contract to sell 100 shares of a stock for a strike price of $650. What is the effect on the terms of the contract of:

A. $5 dividend being declared

B. $5 dividend being paid

C. 5-for-2 stock split

D. 5% stock dividend being paid

Please explain your answer.

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Financial Management: A trader has a put option contract to sell 100 shares of a
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