Use the table for the question(s)below.
The following are the week-ending stock prices that occurred during the quarter:

-Billy,the CEO of Movin On Up Company,was granted stock options with an exercise price of $62.04 per share.Refer to the week-ending stock prices that occurred during the quarter.What is the most likely date on which the stock options were awarded?

Question

Use the table for the question(s)below.
The following are the week-ending stock prices that occurred during the quarter:
 
-Billy,the CEO of Movin On Up Company,was granted stock options with an exercise price of $62.04 per share.Refer to the week-ending stock prices that occurred during the quarter.What is the most likely date on which the stock options were awarded?

Quizplus · Accepted Answer

Stock options are typically granted at the market price on the date of the award. The most likely date of award would be when the stock price is at or near the exercise price of $62.04. Without the specific stock prices on those dates, the correct answer cannot be determined from the information provided. However, based on the typical practice of awarding stock options at or near the current market price, the date closest to the end of the quarter (assuming a calendar quarter) would be a logical guess, hence December 13, 2015. This is speculative without the actual stock prices.

Use the Table for the Question(s)below