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To: Elmer Phud who wrote (178325)6/16/2004 2:14:41 PM
From: The Duke of URLĀ©  Respond to of 186894
 
I have not looked at it in a long time but old Sec. 83 IRC and the regs under 426 provide some guidance. One provides that the stock option must be at least 85% of FMV.

Anyway the legislative history of those two sections provide much guidance.