A(n)__________ gives the person to whom it is granted the right to buy a certain number of shares at a fixed price for a fixed number of years during the __________ period,which is not usually longer than __________.
A) call right; exercise; 12 months
B) option; redemption; 12 months
C) IRS option; redemption; 10 years
D) stock option; exercise; 10 years

Question

Quizplus · Accepted Answer

A stock option gives the person the right to buy a certain number of shares at a fixed price for a fixed number of years during the exercise period, which is typically not longer than 10 years.

A(n)__________ Gives the Person to Whom It Is Granted the Right