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! Required information Problem 12-27 (LO 12-2) [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) [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) at the time she started working for MNL Corporation (5/1/Y1) four years ago when MNL's stock price was $8 per share. Now that MNL's stock price is $40 per share (8/15/Y5), she intends to exercise all of her options. After acquiring the 1,000 MNL shares with her options, she held the shares for over one year (10/1/Y6) and sold them at $60 per share. (Leave no answer blank. Enter zero if applicable. Input all amounts as positive values.) Problem 12-27 Part b 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), assuming its marginal tax rate is 21 percent? Description Amount $ Tax savings on grant date C Tax savings on exercise date Tax savings on sale date
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