The right to buy a company's stock at a fixed price and under the conditions set by the company's board of directors is called a:

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The right to buy a company's stock at a fixed price and under specific conditions is called a stock option. Stock grants are typically given as a form of compensation to employees. A stock bid is an attempt to purchase a company's shares on the open market. A "stock answer" is not a recognized term in finance.

The Right to Buy a Company's Stock at a Fixed