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Required information Problem 12-27 (LO 12-2) (Static) [The following information applies to the questions displayed below.] Cammie received 100 NQOs (each option provides a right
Required information Problem 12-27 (LO 12-2) (Static) [The following information applies to the questions displayed below.] Cammie received 100 NQOs (each option provides a right to purchase 10 shares of MNL stock for $10 per share). She started working for MNL Corporation four years ago (5/1/Y1) when MNL's stock price was $8 per share. Now (8/15/Y5) that MNL's stock price is $40 per share, she intends to exercise all of her options. After acquiring the 1,000 MNL shares with her stock options, she held the shares for over one year and sold (on 10/1/Y6) them at $60 per share. Note: Leave no answer blank. Enter zero if applicable. Input all amounts as positive values. Problem 12-27 Part b (Static) b. What are MNL Corporation's tax savings on the grant date (5/1/Y1), exercise date (8/15/Y5), and sale date (10/1/Y6)? Answer is complete but not entirely correct
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