Question

Mark is excited about the new program at work. He will be allowed to purchase 20 shares of stock at $45 per share for a limited period of time. Mark is planning to take advantage of this ____ plan because he expects that the market price of the stock will far exceed $45 in a couple years.

Answer 1

Stock option

Step-by-step explanation:

Stock option is the offer available to workers of a stock company in the purchase of shares at a low or discounted rate.

Mark will be allowed to purchase 20 shares of stock at $45 per share for a given period and he plans to take advantage because the stock price is likely to exceed $45 in subsequent years.