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Aharon exercises 1 0 stock options awarded several years ago. The following information pertains to the options: each option gives the employee the right to

Aharon exercises 10 stock options awarded several years ago. The following information pertains to the options:
each option gives the employee the right to buy 10 shares,
the market price on the grant date was $7,
the strike price is $10, and
the market price on the exercise date was $15.
How much will it cost Aharon to purchase the options on the exercise date?
Multiple Choice
$90
$500
$700
$1,000
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