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Lydia received a stock option grant from her employer (YYY corporation) 5 years ago. The option is for 1,000 shares of company stock with a

Lydia received a stock option grant from her employer (YYY corporation) 5 years ago. The option is for 1,000 shares of company stock with a strike price of $2.50 per share. The stock is currently trading at $26.23 per share in the public markets. The shares are fully vested.


If Lydia chooses to do a simultaneous exercise of all 1,000 shares, how much will her total $gain on the transaction be?

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