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* Media moralists are convinced that something has to be done about stock options. Companies are supposedly hiding the costs of the options they are issuing to their executives. The government's accounting-standards board is being pressured to require companies to estimate the cost of options when calculating the bottom line. The trouble is that nobody knows how much an option will cost until the time the person who has it chooses to exercise it. There are various models for predicting this cost, but substantial technical debate surrounds the subject. The board therefore seems inclined to require companies to come up with a cost estimate without forcing them to use any particular model. This requirement will almost surely expose companies to litigation when the estimates prove wrong (as they ...