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Consider an exchange traded put option to sell 300 shares for $60 per share (strike price). Please find (a) the strike price and (b) the

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Consider an exchange traded put option to sell 300 shares for $60 per share (strike price). Please find (a) the strike price and (b) the number of shares that can be sold after a 5 for 1 stock split. (a) What is the new strike price after the stock split ? (sample answer: $25) (b) What is the number of shares that can be sold after the stock split ? (sample answer: 500 shares)

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