Which of the Following Is True Regarding Liability of Frances,if

Multiple Choice

Which of the following is true regarding liability of Frances,if any,for purchasing the stock at below its fair market value?

A) If the board wanted to offer it to her, they had that right, and there is no consequence to Frances.
B) She is liable for double the stated corporate value of the stock in addition to any price she already paid.
C) She is liable for the stated corporate value of the stock in addition to any price she already paid.
D) She is liable for paying the difference between the price she paid for the shares and the stated corporate value of the shares.
E) She is liable for paying the difference between the price she paid for the shares and the stated corporate value of the shares plus a $10,000 penalty.