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An exchange-traded call option contract has a size of 100 shares, a strike price of $30 and maturity in 12 months. What is the new

An exchange-traded call option contract has a size of 100 shares, a strike price of $30 and maturity in 12 months. What is the new strike price when there is a 20% stock dividend?

A.

$24

B.

$30

C.

$25

D.

$37.5

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