Emily Jackson and James Stewart are Partners in a partnership that owns and operates a barber shop. the Partnerships first year of operation is 20/20. Emily and James divided income expenses equally. The partnership name is J&S Barbers it is located at 1023 Lexington Avenue New York New York 10128 and it's federal ID number is 956-767-6760. The 2020 financial statements for the partnership are presented below ​

Ronald sees that his employer's stock has grown from $20 a share to $60 a share this year, while most stocks have seen only 5% growth. his employer offers to let him convert a large portion of his salary into stock options. what is not a valid reason to turn down the stock offer? a)stocks with high returns have high volatility, and ronald's company may not grow further. b)ronald may be taxed more for capital gains than he would be for employment income. c)stock options are illiquid, and ronald may not be able to use them to pay for unexpected bills. d)ronald would be committing stock fraud if he exercises the options.