Use the Table for the Question(s) Below

question 22

Multiple Choice

Use the table for the question(s) below.
The following are the week-ending stock prices that occurred during the quarter:

-Billy,the CEO of Movin On Up Company,was granted stock options with an exercise price of $55.00 per share.Refer to the week-ending stock prices that occured during the quarter.If Movin On Up engaged in the practice of backdating,which of the following is the most likely exercise price for Billy's options?

• A) $65.52
• B) $67.50
• C) $65.00
• D) $56.82
• E) $57.23

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