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An investor has exchange-traded put options to sell 100 shares for $20. There is 25% stock dividend. Which of the following is the position of

An investor has exchange-traded put options to sell 100 shares for $20. There is 25% stock dividend. Which of the following is the position of the investor after the stock dividend?

Put options to sell 125 shares for $15.

Put options to sell 75 shares for $25.

Put options to sell 100 shares for $20.

Put options to sell 125 shares for $16.

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