Intel Corporation reported the following in its 2015 10-K report.
Share-Based Compensation Share-based compensation recognized in 2015 was $1.3 billion ($1.1 billion in 2014 and $1.1 billion in 2013) During 2015, the tax benefit that we realized for the tax deduction from share-based awards totaled $533 million ($555 million in 2014 and $385 million in 2013)... We use the Black-Scholes option-pricing model to estimate the fair value of options granted under our equity incentive plans and rights to acquire stock granted under the 2006 Plan and rights to acquire shares of common stock under the 2006 Stock Purchase Plan. No options were granted in 2015. We based the weighted average estimated value of employee stock option grants and rights granted under the stock purchase plan, as well as the weighted average assumptions used in calculating the fair value, on estimates at the date of grant, as follows

	Stock Options				Stock Purchase Plan
	2015	2014	2013		2015	2014	2013
Estimated values	n/a	$3.61	$3.11		$6.56	$5.87	$4.52
Expected life (in years)	n/a	5.1	5.2		0.5	0.5	0.5
Risk-free interest rate	n/a	1.7%	0.8%		0.1%	0.1%	0.1%
Volatility	n/a	23%	25%		25%	22%	22%
Dividend yield	n/a	3.6%	3.9%		3.1%	3.2%	4.0%

Additional information with respect to stock option activity is as follows:

(In millions)	Number of Options	Weighted Average Exercise Price
December 29, 2012	202.8	$20.20
Granted	20.1	$22.99
Exercised	(65.0)	$18.76
Cancelled and forfeited	(3.0)	$22.58
Expired	(1.9)	$22.56
December 28, 2013	153.0	$21.10
Granted	0.6	$25.34
Exercised	(63.7)	$19.87
Cancelled and forfeited	(2.7)	$23.70
Expired	(9.9)	$27.00
December 27, 2014	77.3	$21.30
Granted	--	$--
Exercised	(21.9)	$20.34
Cancelled and forfeited	(1.1)	$23.23
Expired	(0.1)	$20.87
December 26, 2015	54.2	$21.65
Options exercisable as of:
December 28, 2013	111.5	$20.25
December 27, 2014	54.7	$20.29
December 26, 2015	43.8	$21.07

(a) What did Intel expense for share-based compensation for 2014?

$Answer ____ billion

How many options did Intel grant in 2014?
Answer ____ thousand shares

Compute the fair value of all options granted during 2014. (Round your answer to two decimal places.)
$Answer ___ million

(c) How many options were exercised during 2015?
Answer ____ million shares

Estimate the cash that Intel received from its employees when these options were exercised. (Round your answer to one decimal place.)
$Answer ____ million

(d) What was the intrinsic value per share of the options exercised in 2015? (Hint: Assume that Intel grants options at-the-money.)
$Answer ____ per share

If employees who exercised options in 2015 immediately sold them, what "profit" did they make from the shares? (Round your answer to two decimal places.)
$Answer ___ million

(e) The tax benefit that Intel will receive on the options exercised is computed based on the intrinsic value of the options exercised. Estimate Intel's tax benefit from the 2015 option exercises assuming a tax rate of 37%. (Round your answer to two decimal places.)
$Answer ___ million

(f) What was the average exercise price of the 0.1 million options that expired in 2015?
$Answer ___ per share