Question: A company declares a 2-for-1 stock split. Explain how the terms change for a call option with a strike price of $60. A company declares

  1. A company declares a 2-for-1 stock split. Explain how the terms change for a call option with a strike price of $60.
  2. A company declares a 3-for-2 stock split. Explain how the terms change for a call option with a strike price of $60.

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