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In 20x8, BT Inc. granted a nonqualified stock option to Ms.. P to buy 500 shares of BT stock at $20 per share for 10

In 20x8, BT Inc. granted a nonqualified stock option to Ms.. P to buy 500 shares of BT stock at $20 per share for 10 years. At date of grant, BT stock was trading on NASDAQ for $20 per share. In the current year, Ms. P exercised the option when BT

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