问题如下:
An option has a strike price of USD 50. A cash dividend of USD 0.50 is announced with an ex-dividend date before the end of the life of the option. What effect does this have on the strike price?
解释:
There is normally no effect on the strike price when a cash dividend is declared. An exception may be made when the dividend is large-more than 10% of the stock price.
为什么大于10%可能是个exception?