Executive stock options $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

Group of answer choices

allow the holder the option to buy shares at a specified exercise price during a specified period of time

always provide value to the holder by offering a discount on the purchase price per share

allow the holder the option to buy shares at a specified exercise price any time prior to the executive ceasing to be employed by the firm

are a form of share$-$based compensation that gives the holder the right to acquire a specified number of shares at no cost