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18. Two years ago, Mrs. Erb was granted a stock option from her corporate employer. At date of grant, the stock was selling at $14
18. Two years ago, Mrs. Erb was granted a stock option from her corporate employer. At date of grant, the stock was selling at $14 per share, and the strike price was $18 per share. This year, Mrs. Erb sold the option to an unrelated party for $26,000. How much gain does she recognize on this transaction? 18. Two years ago, Mrs. Erb was granted a stock option from her corporate employer. At date of grant, the stock was selling at $14 per share, and the strike price was $18 per share. This year, Mrs. Erb sold the option to an unrelated party for $26,000. How much gain does she recognize on this transaction
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