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Required information Problem 12-31 (LO 12-2) (Static) [The following information applles to the questions displayed below.] Antonio recelved 40 isOs (each option gives him the

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Required information Problem 12-31 (LO 12-2) (Static) [The following information applles to the questions displayed below.] Antonio recelved 40 isOs (each option gives him the right to purchase 20 shares of Zorro stock for $3 per share) at the time he started working for Zorro Corporation six years ago. Zorro's stock price was $3 per share at the time. Now that Zorro's stock price is $50 per share, Antonio intends to exercise all of his options and immediately sell all the shares he recelves from the options exercise. Note: Enter all amounts as positive values. Leave no answers blank, Enter zero if applicable. roblem 12-31 Part c (Static) What are the cash flow effects of these transactions to Antonio, assuming his ordinary marginal rate is 24 percent and his long-term pital gains rate is 15 percent

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