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A company has 100 employees who currently hold 1,000 employee stock options each. The exercise price is $25 per share. The stock price is $30

A company has 100 employees who currently hold 1,000 employee stock options each. The exercise price is $25 per share. The stock price is $30 per share.

Determine the number of common shares that theoretically can be repurchased in the open market based on the maximum $ proceeds calculated above.

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