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A put option on 1 0 0 shares of Generous Dynamics stock has an exercise price $ 6 5 . 0 per share. GD declares
A put option on shares of Generous Dynamics stock has an exercise price $ per share. GD declares for stock split. What happens to the exercise price and the number of shares underlying the option?
Number of shares is reduced to and the exercise price is increase to
Number of shares increases to and the exercise price is reduced to
Number of shares increases to and the exercise price remains the same
Nothing happens
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