Question: Which statement best describes option backdating? A)Option backdating is a way for firms to punish managers when the firm is performing poorly B)Option backdating is

Which statement best describes option backdating?

A)Option backdating is a way for firms to punish managers when the firm is performing poorly

B)Option backdating is a practice in which the option grant date is chosen after the fact, for the purpose of creating shareholder wealth

C)Option backdating is a practice in which the option grant date is chosen after the fact, for the purpose of adding to the wealth of the CEO receiving the option

D)Option backing is largely a myth

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