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Pastner Brands is a calendar - year firm with operations in several countries. As part of its executive compensation plan, at January 1 , 2
Pastner Brands is a calendaryear firm with operations in several countries. As part of its executive compensation plan, at January the company issued executive stock options permitting executives to buy shares of Pastner stock for $ per share. Onefourth of the options vest in each of the next four years beglinning at December graded vesting Pastner elects to separate the total award into four groups or tranches according to the year in which they vest and measures the compensation cost for each vesting date as a separate award. The fair value of each tranche is estimated at January as follows:
tableVesting Date,tableAmountVestingtableFair Value perOptionDecember $
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