Joanny Hoeger
Oct 29, 2024
Aharon exercises 10 stock options awarded several years ago. the following information pertains to the options: (1) each option gives
Aharon has exercised 10 stock options that were awarded to him several years ago. The following information pertains to these options: (1) each option grants the employee the right to purchase 10 shares, (2) the market price on the grant date was $7, (3) the strike price is $10, and (4) the market price on the exercise date is $15. How much will it cost Aharon to purchase the shares on the exercise date? a) $90 b) $500 c) $700 d) $1,000
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