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Which of the following is a way of extending the Black-Scholes-Merton formula to value a European put option on a stock paying a single dividend

Which of the following is a way of extending the Black-Scholes-Merton formula to value a European put option on a stock paying a single dividend before option maturity?

Reduce the maturity of the option so that it equals the time of the dividend

Subtract the present value of the dividend from the stock price

Subtract the dividend from the stock price

Add the dividend to the stock price

Add the present value of the dividend to the stock price

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