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I dont have no further information Under its executive stock option plan, National Corporation granted 12 million options on January 1, 2021, that permit executives
I dont have no further information Under its executive stock option plan, National Corporation granted 12 million options on January 1, 2021, that permit executives to purchase 12 million of the company's $1 par common shares within the next six years, but not before December 31, 2023 (the vesting date). The exercise price is the market price of the shares on the date of grant $17 per share. The fair value of the options, estimated by an appropriate option pricing model is $5 per option. No forfeitures are anticipated. 1. Ignoring taxes, what is the total compensation cost pertaining to the stock options? 2. Ignoring taxes, what is the effect on earnings in the year after the options are granted to executives? (For all requirements, enter your answer in millions (i... 10,000,000 should be entered os 10).) 1 2 Total compensation cost Effect on earrings decreased by million million
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