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Hazel received 37 NQOs (each option gives her the right to purchase 11 shares of...

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Accounting

Hazel received 37 NQOs (each option gives her the right to purchase 11 shares of stock for $9 per share) at the time she started working when the stock price was $16 per share. Now that the share price is $22 per share, she intends to exercise all of her options. How much cash will Hazel need on the exercise date?

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