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Pastore Inc. granted options for 1 million shares of its $1 par common stock at the beginning of the current year. The exercise price is
Pastore Inc. granted options for 1 million shares of its $1 par common stock at the beginning of the current year. The exercise price is $28 per share, which was also the market value of the stock on the grant date. The fair value of the options was estimated at $5.50 per option. What would be the total compensation Indicated by these options? Multiple Choice O $5.5 million. O $28.0 million. O $50.5 million. O $225 million
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