Can someone please help me on this, i’m not too sure what the right answer is

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? select the best answer from the choices provided. 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.

Me determine which are quote or paraphrase.

What functions as a reflexive pronoun in the sentence the professor herself wanted to attend the conference, but it was cancelled when she and several other presenters had to excuse themselves