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Jnder its executive stock option plan, Sorensen Corporation granted options on January 1,2024 , that permit executives to purchase 15 nillion of the company's $1
Jnder its executive stock option plan, Sorensen Corporation granted options on January 1,2024 , that permit executives to purchase 15 nillion of the company's $1 par common shares within the next eight years, but not before December 31,2026 (the vesting date). The exercise price is the market price of the shares on the date of grant, $18 per share. The fair value of the options, estimated by an appropriat option pricing model, is $4 per option. No forfeitures are anticipated. The options expired in 2030 without being exercised. By what amount vill Sorensen's shareholders' equity be increased as a result of having granted the options? Multiple Choice $330 million \$315 million Multiple Choice $330 million $315 million $270 million $60 million
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