Question: Please show work, i upvote if helped 2. [2 points] Jacob currently has 6 call option contracts on Caterpillar (CAT) with a strike price of

Please show work, i upvote if helped

2. [2 points] Jacob currently has 6 call option contracts on Caterpillar (CAT) with a strike price of $230. The options expire in about 1.5 months. The price of the options is $7.85. The stock is currently trading at $226.73 per share. If the company were to announce a 3-for-2 stock split: a. how many options would Jacob have after the split? b. what would the new strike price be after the split

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