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An investor has exchange-traded put options to sell 100 shares for $18. There is a 20 % stock dividend. Which of the following is the

An investor has exchange-traded put options to sell 100 shares for $18. There is a 20 % stock dividend. Which of the following is the position of the investor after the stock dividend?

a. Put options to sell 120 shares for $16

b. Put options to sell 75 shares for $25

c. Put options to sell 100 shares for $20

d. Put options to sell 120 shares for $15

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