00:59:23 References Karen works for Target Electronics, a sophisticated electronic equipment company. Karen is happy to see that the value of company stock has reached $53 per share, because certain employees (including herself) have the opportunity to buy a given number of shares of its stock for $25 per share for the next year regardless of how high the market price goes. Target Electronics is offering some employees a Multiple Choice O O stock reinvestment plan. stock annuity plan. stock dividend. stock option plan