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Because in the espp, the rules are predefined in advance without knowing the future.

It is like: you will have the lower price between the opening and the closing starting next week.

From that the rules are known in advance but not what will be the stock price.

From what I understand of this article case, you have a price based on past weeks, and so you already know the future, the current price 2 weeks later when they offer you the plan. And so you kind of already know if it is a good deal or not.




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