In q 26. Answer is A.
can this be the reason?
when a company declares a dividend, share price falls, and when share price falls, option price falls too.
and the other reason is – jo sir yaad karwaye hain in the topic- factors affecting the option value.
Dividends is the amount you would have received if you had held the share. But since you only have the right to buy the share, you will not receive dividend, thus decreasing the value of the option for you. Hope this helps.