Maren received 12 NQOs (each option gives her the right to purchase 12 shares of stock for
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Question:
Maren received 12 NQOs (each option gives her the right to purchase 12 shares of stock for $7 per share) at the time she started working when the stock price was $8 per share. When the share price was $17 per share, she exercised all of her options. Eighteen months later she sold all of the shares for $22 per share. What is the amount of Maren's bargain element?
a. $0
b. $1,440
c. $1,296
d. $2,448
e. None of the choices are correct
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