Maren received 11 NQOs (each option gives her the right to purchase 14 shares of stock for $10 per share)at the time she started working when the stock price was $7 per share. When the share price was $16 per share, she exercised all of her options. Eighteen months later she sold all of the shares for $21 per share. What is the amount of Maren's bargain element?
A)$0
B)$924
C)$1,386
D)$2,464
E)None of the choices are correct.

Question

Quizplus · Accepted Answer

The Answer of Maren received 11 NQOs (each option gives her the right to purchase 14 shares of stock for $10 per share)at the time she started working when the stock price was $7 per share. When the share price was $16 per share, she exercised all of her options. Eighteen months later she sold all of the shares for $21 per share. What is the amount of Maren's bargain element?
A)$0
B)$924
C)$1,386
D)$2,464
E)None of the choices are correct.

Maren Received 11 NQOs (Each Option Gives Her the Right