The company's stock was trading at $15 per share when Michelle recived a stock option grant of 3,000 shares. Assume all the shares vested at once when the stock price was $27 per share. On the day the shares vested, Michelle exercised her options and sold all the shares. How much did Michelle earn as a result?
The company's stock was trading at $15 per share when Michelle recived a stock option grant of 3,000 shares. Assume all the shares vested at once when the stock price was $27 per share. On the day the shares vested, Michelle exercised her options and sold all the shares. How much did Michelle earn as a result?
Chapter5: The Cost Of Money (interest Rates)
Section: Chapter Questions
Problem 4PROB
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The company's stock was trading at $15 per share when Michelle recived a stock option grant of 3,000 shares. Assume all the shares vested at once when the stock price was $27 per share. On the day the shares vested, Michelle exercised her options and sold all the shares. How much did Michelle earn as a result?
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