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Question 22 4 pts Ford Food Company granted 30,000 stock options to executives on January 1, 2017. Each option allows the holder to purchase one

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Question 22 4 pts Ford Food Company granted 30,000 stock options to executives on January 1, 2017. Each option allows the holder to purchase one share of Ford Food common stock for $43. The stock price at the beginning of 2017 was $40 per share. The options become exercisable on January 1, 2020 and expire on December 31, 2022. Using an appropriate option pricing model, each option is determined to have a fair value of $3.50. How much will Ford Food record as compensation expense with respect to these options in 2019

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