Consider an exchange-traded put option to sell 200 shares for $60 per share (strike price) for company
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Question:
Consider an exchange-traded put option to sell 200 shares for $60 per share (strike price) for company ABC. Suppose the company ABC announces a 3 for 2 stock split, answer the following questions.
(a) What is the new strike price after the stock split ?
(b) What is the number of shares that can be sold after the stock split ?
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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