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Whitney Corporation granted stock options that permit certain executives to buy 10,000 common shares at...

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Accounting

Whitney Corporation granted stock options that permit certain executives to buy 10,000 common shares at an exercise price of $10 per share. The fair value of an option was $5 at the grant date. Forty percent of the options were vested. What is the total amount of the proceeds from exercise of the hypothetical stock options that Whitney would assume in calculating diluted EPS?

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