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Question
In evaluating employee stock options, the exercise value approach provides:
a) A lower bound of valuation, and using it can undervalue the firm.
b) An upper bound of valuation, and using it can undervalue the firm.
c) A lower bound of valuation, and using it can overvalue the firm.
d) An upper bound of valuation, and using it can overvalue the firm.
Answer
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Related questions
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