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Maren received 12 NQOs (each option gives her the right to purchase 13 shares of...

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Question

Accounting

Maren received 12 NQOs (each option gives her the right to purchase 13 shares of stock for $8 per share) at the time she started working when the stock price was $8 per share. When the share price was $17 per share, she exercised all of her options. Eighteen months later she sold all of the shares for $22 per share. What is the amount of Maren's bargain element?

Choices:

1404

0

2652

1404

or none of the above

Answer & Explanation Solved by verified expert
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