Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Under its executive stock option plan, National Corporation granted 3 0 million options on January 1 , 2 0 2 4 , that permit executives
Under its executive stock option plan, National Corporation granted million options on January that permit executives to purchase million of the companys $ par common shares within the next six years, but not before December the vesting date The exercise price is the market price of the shares on the date of grant, $ per share. The fair value of the options, estimated by an appropriate option pricing model, is $ per option. Suppose that unexpected turnover during caused the forfeiture of of the stock options. Compute the amount of compensation expense for and Note: Enter your answers in millions rounded to decimal places ie should be entered as
Under its executive stock option plan, National Corporation granted million options on January that permit executives to purchase million of the companys $ par common shares within the next six years, but not before December the vesting date The exercise price is the market price of the shares on the date of grant, $ per share. The fair value of the options, estimated by an appropriate option pricing model, is $ per option. Suppose that unexpected turnover during caused the forfeiture of of the stock options.
Compute the amount of compensation expense for and
Note: Enter your answers in millions rounded to decimal places ie should be entered as
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started