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1 6 . On January 1 , 2 0 1 3 , Company X issued the following, three stock options to Henry. He is a

16. On January 1,2013, Company X issued the following, three stock options to Henry. He is a non-highly compensated employee. No other options were issued. The fair market value of the shares at the time of the authorization and grant of the option was $5.00/share.
OPTION A: Purchase of 1,000 shares @ $6.00/Share; expires 2020.
OPTION B: Purchase of 1,000 shares @ $5.00/Share; expires 2018.
OPTION C: Purchase of 1,000 shares @ $4.00/Share; expires 2016.
Based on the information provided which of the option grants above may be an INCENTIVE STOCK OPTION?
1. None of the above.
2. Option B and Option C.
3. Option A and Option B.
4. All of the options (a,b,c).
5. Option A and Option C.

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