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3. A 10% stock dividend is declared on stock XYZ. You owned one July 55 XYZ call on the CBOE before this dividend was declared.

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3. A 10% stock dividend is declared on stock XYZ. You owned one July 55 XYZ call on the CBOE before this dividend was declared. The terms of the contract after the ex-dividend date will give you the right to purchase a. 100 shares at an exercise price of 50 b. 90 shares at an exercise price of 60 1/2 c. 110 shares at an exercise price of 60 1/2 d. 110 shares at an exercise price of 50 c. None of the above

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