N the price at which the holder of a traded option may exercise his right to buy (or sell) a security 执行价格; 期货期权持有者有权按此价买入或卖出一定数量的期货 [stock exchange]
You pay the exercise price and receive a share which is worth more.
你只要付出转换费，就换得价夜里值班高的股票。
The second is that it's difficult to confirm reasonable exercise price of stock options in non-listed companies.
二是对非上市公司而言很难确定合理的期权执行价格。
The exercise price of any option granted to you will be the closing price of a common stock on the date of grant.
不管何种认购权，其行权价都是A股普通股认购权授予当天的收市价。
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