Chattanooga Dobro manufactures mandolins, dobros, dulcimers, zithers, and other country music instruments. On March 1, 20X1, Chattanooga offered its CEO 30,000 stock options that vest at the end of each year for the next 3 years. The fair value of the stock options on the grant date was $50 per option. The Black-Scholes-Merton pricing model was used to determine the fair value of the stock options. How much compensation expense is attributed to each of the years?

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The Answer of Chattanooga Dobro manufactures mandolins, dobros, dulcimers, zithers, and other country music instruments. On March 1, 20X1, Chattanooga offered its CEO 30,000 stock options that vest at the end of each year for the next 3 years. The fair value of the stock options on the grant date was $50 per option. The Black-Scholes-Merton pricing model was used to determine the fair value of the stock options. How much compensation expense is attributed to each of the years?

Chattanooga Dobro Manufactures Mandolins, Dobros, Dulcimers, Zithers, and Other Country