PINNING DOWN THE VALUE OF A STOCK OPTION

摘要

As Congress and Corporate America ponder the pros and cons of expensing stock options, a difficult issue looms: Even if a company decides that expensing options is the right thing to do, as Coca-Cola Co. and Bank One Corp. have recently done, determining just how to value them is tough. After all, an option represents the right to buy shares for an unknown price at some indeterminate point in the future.