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Consider an exchange - traded call option contract to buy 6 0 0 shares with a strike price of $ 5 0 and maturity in

Consider an exchange-traded call option contract to buy 600 shares with a strike price of $50 and maturity in 5 months. Explain how the terms of the option contract change when there is: (a) a 15% stock dividend; (b) a 15% cash dividend; and (c) a 4-for-1 stock split.

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