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Antonio recelved 4 0 ISOs ( each option gives him the right to purchase 2 0 shares of Zorro stock for $ 3 per share
Antonio recelved ISOs each option gives him the right to purchase shares of Zorro stock for $ per
share at the time he started working for Zorro Corporation six years ago. Zorro's stock price was $ per
share at the time. Now that Zorro's stock price is $ per share, Antonio intends to exercise all of his
options and Immediately sell all the shares he recelves from the options exercise.
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d What are the cash flow effects to Zorro resulting from Antonio's option exercise?
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What are the cash flow effects to Zorro resulting from Antonio's option exercise?
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