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During fiscal 2016, Abercrombie & Fitch reported the exercise of 2,000 shares at a weighted-average exercise price of $22.87. a. How much cash did Abercrombie

During fiscal 2016, Abercrombie & Fitch reported the exercise of 2,000 shares at a weighted-average exercise price of $22.87.

a. How much cash did Abercrombie & Fitch receive from this exercise?

b. What was the impact to shareholders equity as a result of this exercise

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