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Joe Bob receives stock options (ISOs) with an exercise price of S18 when the stock is trading at $18. Joe Bob exercises these options two

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Joe Bob receives stock options (ISOs) with an exercise price of S18 when the stock is trading at $18. Joe Bob exercises these options two years after the date of the grant when the stock price is $39 per share. Which of the following statements is correct? Upon exercise Joe Bob will have no regular income for tax purposes. Joe Bob will have W-2 income of $21 per share upon exercise. Joe Bob will have SIM of AM I income upon exercise. Joe Bob's adjusted basis for regular income tax will be $39 at exercise

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