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A trader has a put option contract to sell 1 0 0 shares of a stock for a strike price of $ 6 0 .

A trader has a put option contract to sell 100 shares of a stock for a strike price of $60.
What is the effect on the terms of the contract of the following?
(a) A $2 dividend being declared.
(b) A $2 dividend being paid.
(c) A 5-for-2 stock split.
(d) A 5% stock dividend being paid.

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