Hudson Co. compensates its executives with restricted stock. During 2014, the company granted 9,500 shares of $1 par value restricted common stock that will vest over ten (10. years. The market value of the shares was $6 at the time of the grant. What is the impact of this transaction on additional paid-in capital?

a. Increase additional paid-in capital by $47,500

b. Increase additional paid-in capital by $9,500

c. Increase additional paid-in capital by $57,000

d. Increase additional paid-in capital by $4,750

e. Paid-in capital is not impacted by this transaction.