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Consider a put option contract that lets you SELL 100 shares of a company at $15 per share. Suppose a company declares a 10% cash

Consider a put option contract that lets you SELL 100 shares of a company at $15 per share. Suppose a company declares a 10% cash dividend payment, how does this affect the put option contract terms?

option contract becomes one to sell 90 shares with a strike price $16.5

option contract becomes one to sell 80 shares with a strike price $16.64

option contract becomes one to sell 190 shares with a strike price $6.5

option contract becomes one to sell 110 shares with a strike price $13.64

There is no effect

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