Question 11: 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.\ Magellans 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:\ (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