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If HKK stock is trading at $100 and there is a 5% stock dividend,-(Answered)

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If HKK stock is trading at $100 and there is a 5% stock dividend, the holder of a HKK 105 put contract would now have the right to sell:

100 shares at $110.25 per share.

105 shares at $95.24 per share.

100 shares at $105 per share.

105 shares at $100 per share.

 

Paper#9210089 | Written in 27-Jul-2016

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