Corporate Governance; Executive Compensation Fifteen years ago, in fiscal year 2002, Microsoft granted 254,000,000 stock options to its employees as part of their compensation. The options had an expiration of 10 years and an exercise price of $24.27. Assume that Microsoft’s dividend rate was 0%, its stock volatility was 0.39, the risk-free rate was 5.4%, the price of Microsoft stock on the date of grant was $24.27, and the number of shares ...
15 Sep 2017
Expiry Date: 16 Sep 2017