Based on the stock's price in 2020, the employee will most likely not bother to exercise the options.
<h3>When are options exercised?</h3>
Options are exercised by employees or other parties when the market price of the underlying stock is more than the price that the option can be redeemed at because this would lead to profit.
The underlying stock here is trading at $40 which is less than the price of redeeming the option so the employee will not exercise the options.
Find out more on exercising options at brainly.com/question/25750529
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A contingency table consists of a double entry table with rows and columns in which the categories are plotted in descending order of the magnitude of their frequencies.
<h3>What is a contingency table?</h3>
They are frequency tables in which data from two qualitative variables are recorded and the relationship between them is analysed.
In these tables, the rows represent the categories of one variable and the columns the categories of the other variable or characteristic under study.
The cell located at the intersection of a given row and column, collects the absolute frequency simultaneously presented by the modalities that occupy the corresponding row and column.
Therefore, we can conclude that a contingency table consists of a double entry table with rows and columns in which the categories are plotted in descending order of the magnitude of their frequencies.
Learn more about contingency tables here: brainly.com/question/5492865
Answer:
Less than today is the correct answer.
Explanation:
