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18. Rank-and-file employees who are beneficiaries of an ESOP are protected with the put option because: a. The employee may force the corporation to sell

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18. Rank-and-file employees who are beneficiaries of an ESOP are protected with the put option because: a. The employee may force the corporation to sell the stock at a premium price. b. The employee may force the corporation to "buy back" the stock at a fair market value. c. The employee may force the corporation to "buy back" the stock at a minimum price of 25 percent over the par value. d. None of the above are correct

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