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QUESTION 19 Under a nonqualified stock option (NQSO) plan that is granted to Lusa on March 15, 2018, she may purchase 200 shares of stock

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QUESTION 19 Under a nonqualified stock option (NQSO) plan that is granted to Lusa on March 15, 2018, she may purchase 200 shares of stock from his employer at $15 per share. At that date, the option does not have a readily ascertainable fair market value. Eight months later on the date of exercise the fair market value of the stock is $20. On December 1, 2020, Lusa sells 100 shares for $24 each. Which of the following would be the result of these transactions on the date of exercise and the date of sale? A Ordinary income of $1,000 and a long-term capital gain of $400. OB. Ordinary income of $1,200 and a long-term capital gain of $300. oc Ordinary income of $2,400 and a long-term capital gain of $0. D. Ordinary income of $1,000 and a short-term capital gain of $400. E. Ordinary income of $1,000 and a short-term capital gain of $300

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