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On January 2, year 1, Kine Co. granted Morgan, its president,compensatory stock options to buy 1,000 shares of Kine's $10 parcommon stock. The options call

On January 2, year 1, Kine Co. granted Morgan, its president,compensatory stock options to buy 1,000 shares of Kine's $10 parcommon stock. The options call for a price of $20 per share and areexerc 2 answers

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