QUESTION 3 A. SMA Bhd granted 1,000 share options to each of its 10 employees on 1 January 2019. The share options will vest on 31 December 2023 provided that the share price reaches RM32. The company anticipated that all the 10 employees would remain with the company throughout the vesting period. The fair value of each option was RM27 at the grant date and the share price as at 31 December 2019 was RM28.70. However, due to COVID-19 pandemic, it is expected that the share prices will not rise in the future starting from the year 2020. Required: a. b. Explain the vesting condition for the above transaction with reference to MFRS 2 Share Based Payment. (4 marks) Compute the fair value of the share option for the year ended 31 December 2020. (2 marks)