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Please bold final answer Required information Problem 12-28 (LO 12-2) (Algo) [The following information applies to the questions displayed below] Yost recelved 300 NQOs (each
Please bold final answer
Required information Problem 12-28 (LO 12-2) (Algo) [The following information applies to the questions displayed below] Yost recelved 300 NQOs (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $26 per share). At the lime 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 after acquiting the shares, he sold them at $80 per shate. Note: Input all amounts as positive values. Leave no onswer blank. Enter zero if applicable. Problem 12-28 Part d (Algo) d. Assume that Yost's options were exercisable at $31 and explred after five years. If the stock only reached $29 during its high point duing the five year period, what are Yost's tax consequences on the grant date, the exercise date, and the date the shares ate sold. assuming his ordinary marginal rate is 35 percent and his long term capital gains rate is 15 percent Step by Step Solution
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