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Please bold final answer Problem 12-28 (LO 12-2) (Algo) [The following information applies to the questions displayed below.] Yost recelved 300NQO (each option gives Yost
Please bold final answer
Problem 12-28 (LO 12-2) (Algo) [The following information applies to the questions displayed below.] Yost recelved 300NQO (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $26 per share). At the time he started working for Cutter Corporation three years ago. Cutter's stock price was $26 per share. Yost exercised all of his options when the share price was $52 per share. Two years alter acquiring the shares, he sold them at $80 per share. Note: Input all amounts as positive values. Leave no answer blank. Enter zero if applicable. Problem 12-28 Part c (Algo) Assume that Yost is "cash poor" and needs to engage in a same-day sale in order to buy his shares. Due to his belief that the stock arice is going to increase significantly, he wants to maintain as many shares as possible. How many shares must he sell in order to over his purchase price and taxes payable on the exercise? (x) Answer is complete but not entirely correct Step by Step Solution
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