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The exercise price for stock option plans on the grant date is: A) always higher than the market price of the underlying shares. B) always

The exercise price for stock option plans on the grant date is:

A) always higher than the market price of the underlying shares. B) always lower than the market price of the underlying shares. C) usually lower than the market price of the underlying shares. D) usually equal to or higher than the market price of the underlying shares.

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