On 8 May 2022 Joe Aston wrote that: "As unveiled in February, key Magellan employees would receive up to 10 million share options exercisable after September 2024 at $35 each. On April 14, Magellan issued 8.3 million of those options to 128 staff. Magellan's shares closed at \$17.25 on Friday. The share price could double and the options - which are, after all, just a right to purchase Magellan shares for $35 - would only then be worth zero. [Magellan Chairman] McLennan might as well be handing out Magellan scratchies" (Aston, 2022). https://www.afr.com/rear-window/modern-slavery-for-magellan-talent-20220508-p5ajjo Which of the following statements is NOT correct? These options: Select one: a. Are likely to be call options which are useful for incentivising executives. b. Are deeply out-of-the-money. c. Values would rise if Magellan's share price rose. d. Values would fall if Magellan's share price volatility rose. e. $35 strike price and Sept 2024 expiry date are fixed and written in the contract