1. A call has 6 months left before expiration and a put (on the same stock) has 2 months left before expiration. If the company unexpectedly announces it will pay its first-ever dividend 3 months from today, you would expect that

a.) the call price would increase.

b.) the call price would decrease.

c). the call price would not change.

d).the put price would decrease.

e). the put price would increase.