A trader has a call option contract to buy 100 shares of a stock for a strike price of $60.
What is the effect on the terms of the contract of:
(a) A $2 dividend being declared
(b) A $2 dividend being paid
(c) A 5-for-2 stock split
(d) A 5% stock dividend being paid.
Please explain each one in detail and please so work if needed.