If Movin On Up engaged in the practice of backdating, which of the following is the most likely exercise price for Billy's options?

Billy, the CEO of Movin On Up Company, was granted stock options with an exercise price of $55.00 per share. The following are the week-ending stock prices that occurred during the quarter:

Date Stock Price
7-Sep-05 56.82
13-Sep-05 57.24
20-Sep-05 60.51
27-Sep-05 57.23
4-Oct-05 60.14
11-Oct-05 60.42
18-Oct-05 61.5
25-Oct-05 59.84
1-Nov-05 60.02
8-Nov-05 60.14
15-Nov-05 61.52
22-Nov-05 61.67
29-Nov-05 63.94
6-Dec-05 62.39
13-Dec-05 62.04
20-Dec-05 64
27-Dec-05 65.52

A) $65.52
B) $67.50
C) $65.00
D) $56.82

Answer: D