Question $4$: contains four parts, $($a$),($b$),($c$),$ and $($d$).$ A trader has a put option

contract to sell $100$ shares of a stock for a strike price of $$60.$

Question $4($a$)$: What is the effect on the terms of the put contract of the if a

$$5$ dividend is declared? Is this event $($and$/$or changes in terms of contract$)$

beneficial to the put holder?

Question $4($b$)$: What is the effect on the terms of the put contract of the if a

$$5$ dividend is paid? Is this event $($and$/$or changes in terms of contract$)$

beneficial to the put holder?

Question $4($c$)$: What is the effect on the terms of the put contract of the if a

$5-$for$-2$ stock split is announced. Is this event $($and$/$or changes in terms of

contract$)$ beneficial to the put holder?

Question $4($d$)$: What is the effect on the terms of the put contract of the if a

$5\%$ stock dividend being paid. Is this event $($and$/$or changes in terms of

contract$)$ beneficial to the put holder?