Ruby Bethune works for ElekTek,a firm producing sophisticated electronic equipment used in state-of-the-art security systems.Ruby is happy to see that the value of ElekTek's stock has reached $47 per share,because her company allows many of its employees,including Ruby,to buy a given number of shares of its stock for $30 per share for the next year regardless of how high the market price goes.ElekTek is offering its employees a stock:

Question

Quizplus · Accepted Answer

ElekTek is offering its employees the option to buy its stock at a fixed price of $30 per share, regardless of the market price. This is commonly known as a stock option plan.

Ruby Bethune Works for ElekTek,a Firm Producing Sophisticated Electronic Equipment