Billy, the CEO of Movin On Up Company, was granted stock options with an exercise price of $55.00 per share. The following are the week-ending stock prices that occurred during the quarter:
If Movin On Up engaged in the practice of backdating, which of the following is the most likely exercise price for Billy's options?
A) $65.52
B) $67.50
C) $65.00
D) $56.82
Correct Answer:
Verified
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