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7. Consider an exchange-traded put option contract to sell 100 shares with a strike price of $20 and maturity in 6 months. Explain how the

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7. Consider an exchange-traded put option contract to sell 100 shares with a strike price of $20 and maturity in 6 months. Explain how the terms of the option contract change (i.e., the change in the strike price and the number of shares that can be sold) when there is: a) A 5-for-1 stock split. b) A 25% stock dividend. c) A $5 cash dividend

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