Question: Suppose that MMM had a three-for-one split right now that is on AUG 19 when the prices in the table are the market prices. Explain
Suppose that MMM had a three-for-one split right now that is on AUG 19 when the prices in the table are the market prices. Explain in details and show the new numbers the price changes, and the rest of the adjustments. Note: the adjustments are to the nearest cent.
MMM; TUE August 19 2014. St 27.50 CALLS LAST PUTS LAST Sep14 Oct14Jan15Apr15Sep14Oct14Jan15 Apr15 20 25 27.5 30 32.5 35 37.5 8.50 .35 3.50 3.80 .15 .50 1.35 .55 4.20 1.70 .75 35 .24 2.40 2.75 .45 1.30 5.85 8.10 11.0011.74 8.75 .05 1.00 8.85 9.50 .50 .94 12.50 MMM; TUE August 19 2014. St 27.50 CALLS LAST PUTS LAST Sep14 Oct14Jan15Apr15Sep14Oct14Jan15 Apr15 20 25 27.5 30 32.5 35 37.5 8.50 .35 3.50 3.80 .15 .50 1.35 .55 4.20 1.70 .75 35 .24 2.40 2.75 .45 1.30 5.85 8.10 11.0011.74 8.75 .05 1.00 8.85 9.50 .50 .94 12.50
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