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Lucy has exchange-traded call options to buy 32,200 shares for $45. What is the new (or adjusted) exercise price if there is a 3-for-5 stock
Lucy has exchange-traded call options to buy 32,200 shares for $45. What is the new (or adjusted) exercise price if there is a 3-for-5 stock split?
| A. | $45 | |
| B. | $27 | |
| C. | $15 | |
| D. | $75 |
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Finance For Nonfinancial Managers
Authors: Gene Siciliano
2nd Edition
0071824367, 978-0071824361
