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Maren received 11 NQOs (each option gives her the right to purchase 14 shares of stock for $10 per share) at the time she started

Maren received 11 NQOs (each option gives her the right to purchase 14 shares of stock for $10 per share) at the time she started working when the stock price was $7 per share. When the share price was $16 per share, she exercised all of her options. Eighteen months later she sold all of the shares for $21 per share. What is the amount of Maren's bargain element?

Multiple Choice

  • $0.

  • $924.

  • $1,386.

  • $2,464.

  • None of the choices are correct.

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