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On January 1, 2023, Martinez Corp. granted an employee an option to purchase 5900 of Martinez's no par value common shares at $50 per share.
On January 1, 2023, Martinez Corp. granted an employee an option to purchase 5900 of Martinez's no par value common shares at $50 per share. The Black-Scholes option pricing model determined total compensation expense to be $210000. The option became exercisable on December 31,2024, after the employee completed two years of service. The market prices of Martinez's shares were as follows: For calendar 2024, Martinez should recognize compensation expense of $105000. $0. $295000. $47200
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