What is the most likely date on which the stock options were awarded?
Billy, the CEO of Movin On Up Company, was granted stock options with an exercise price of $62.04 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) 13-Sep-05
B) 11-Oct-05
C) 13-Dec-05
D) not enough information to answer the question
Answer: C
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