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Question 10 3 pts Fox, Co. granted its employees options for 70,000, $2 par common shares on January 1, 2017, when the share market price
Question 10 3 pts Fox, Co. granted its employees options for 70,000, $2 par common shares on January 1, 2017, when the share market price was $10 compared to the option exercise price of $11. The options cannot be exercised before January 1, 2020 and expire on December 31, 2024. Each option has a market value of $9 at the grant date based upon an option pricing model. On December 31, 2020, employees exercise 65% of the options when the market price of the stock is $17. Regarding these options, how much cash does Fox receive from 2017 through 2020? None $500,500 $773,500 $455,000 $409,500
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