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3. Consider a call option contract to purchase 1000 shares with a strike price of $80 and maturity in four months. Explain how the terms

3. Consider a call option contract to purchase 1000 shares with a strike price of $80 and maturity in four months. Explain how the terms of the option contract change when there is: a) A 11% cash dividend

b) A 5-for-1 stock split

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