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To: Walter C. who wrote (149)2/28/1998 1:45:00 PM
From: MangoBoy  Respond to of 3873
 
by 'liquidity' i mean that stock options are more compelling incentives for employees if the options can be exercised and cashed out on the open market.

do private companies grant stock options? if so, how is fair value set when an employee wants to convert the vested stock to cash?