What is the new strike price after the stock split

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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, please 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

Reference no: EM132392817

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