A trader has a put option contract to sell 100 shares of a stock for a strike price of $60. Consider the following scenarios: I. A $2 dividend being declared II. A $2 dividend being paid III. A S-for-2 stock split IV. A 5% stock dividend being paid. Use the information above to answer the following question: What is the effect on the terms of the contract of scenario IV? The put option contract gives the right to sell 95 shares for $56.86 The put option contract gives the right to sell 105 shares for $57.14 No effect The put option contract gives the right to buy 105 shares for $57.14 The put option contract gives the right to buy 95 shares for $56.86