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30. Mark received 10 ISOs (each option gives him the right to purchase 10 shares of Hendricks Corporation stock for $5 per share) at the

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30. Mark received 10 ISOs (each option gives him the right to purchase 10 shares of Hendricks Corporation stock for $5 per share) at the time he started working for Hendricks Corporation five years ago, when Hendricks's price was $5 per share. Now that Hendricks's share price is $35 per share, Mark intends to exercise all options and hold all of his shares for more than year. Assume that more than a year after exercise, Mark sells the stock for $35 a share. a. What are Mark's taxes due on the grant date, the exercise date, and the date he sells the shares assuming his ordinary marginal rate is 32 percent and his long-term capital gains rate is 15 percent? b. What are Hendricks's tax consequences on the grant date, the exercise date, and the date Mark sells the shares

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