Terry was recently hired by Acme Explosives.As part of her hiring,she was given stock options that she can purchase after she has been employed a year.The price she will pay is called the ___________ and the constraints on when she can purchase is called a _________.
A)exercise price;market condition
B)vesting price;exercise condition
C)contingent price;market condition
D)market price;vesting condition
E)exercise price;vesting condition

Question

Quizplus · Accepted Answer

The exercise price is the stock price at which the bearer can buy the stock,and the vesting conditions specify when the bearer can actually buy the stock at the exercise price.

Terry Was Recently Hired by Acme Explosives