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pricesof Sanders's stock {were as follows: January 1, 2014, $30; December 31, 2015, $50; and January 1, 2016, $45. The Black-Scholes-Merton option pricing model estimated

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pricesof Sanders's stock {were as follows: January 1, 2014, $30; December 31, 2015, $50; and January 1, 2016, $45. The Black-Scholes-Merton option pricing model estimated the value of the options at $8 each on the grant date. What is the total compensation cost under the stock option plan? a. $45,000 b. $12,000 c. $15,000 d. $24,000

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