Multiple Choice
Over the past four years, Denise Smart was granted the right to buy 1,000 shares of her company's $20 par-value common stock at $65 per share. The price of the common stock is currently $48 per share. Smart's stock options are considered
A) worthless.
B) short-term losses.
C) underwater.
D) sunk investments.
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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