1.. If a dividend payment occurs before option expiration, investors lower todays stock price to an effective...

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1.. If a dividend payment occurs before option expiration, investors lower today’s stock price to an “effective stock price.” Why does this adjustment reduce call values and increase put values?

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Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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