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Maren received 11 NQOs (each option gives her the right to purchase 14 shares of stock for $8 per share) at the time she started

Maren received 11 NQOs (each option gives her the right to purchase 14 shares of stock for $8 per share) at the time she started working when the stock price was $10 per share. When the share price was $13 per share, she exercised all of her options. Eighteen months later she sold all of the shares for $24 per share. What is the amount of Maren's bargain element? Multiple Choice $2,002. None of the choices are correct. $462. $770. $0.

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