Estimating Stock-Based Compensation Expense Corp. has several types of stock-based compensation plans including a stock...
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Estimating Stock-Based Compensation Expense Corp. has several types of stock-based compensation plans including a stock purchase plan that allows employees to buy shares at a 15% discount. During the current year, employees purchased 25,000 shares under this plan. Also, the company granted 20,000 stock options with estimated fair value of $10.10 per option. The options vest ratably over three years. Pedernaless average stock price during this year was $78.94. Determine Pedernaless stock-based compensation expense for the current year.
Note: Round your answer to the nearest whole dollar.
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