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Which item is not one of criteria used to qualify as iso

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Reference no: EM132971261

Problem 1: Which item below is not one of the criteria used to qualify as an ISO?

Multiple Choice

Option 1: The option cannot be exercised after 10 years from the date of the grant.

Option 2: The option is granted within 10 years from the date the plan is adopted.

Option 3: The exercise price cannot be less than the fair value of the stock at the grant date.

Option 4: The option is transferable.

Reference no: EM132971261

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