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9 $tock options and restricted stock LO8 recently spoke to a former classmate of yours...

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9 $tock options and restricted stock LO8 recently spoke to a former classmate of yours who has worked for a start-up company since graduating from business school more than 10 years ago. She told you that she expects to receive some type of stock-based compensation in the near future. She has heard that she might receive stock options or a grant of restricted stock, but she is unsure of the difference. Required Explain to your friend the differences between stock options and grants of restricted stock

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