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Carol received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8 per share) at the time she started

Carol received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8 per share) at the time she started working when the stock price was $6 per share. When the share price was $15 per share, she exercised all of her options. Eighteen months later she sold all of the shares for $20 per share. What is the amount of Carol's bargain element?

$1,500.

$700.

$900.

$0.

None of these.

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