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Save Answer Question 5 10 points In 2017, an employee was granted 5,000 options to purchase shares of stock with an exercise price of $16.00

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Save Answer Question 5 10 points In 2017, an employee was granted 5,000 options to purchase shares of stock with an exercise price of $16.00 per share. In 2017, stock option expense was recorded in the after-tax amount of $2.50 per share. In 2020, when the shares were trading at $20.00 per share the options were exercised. The firm's marginal tax rate is 22%. At a stock price of higher than the options would be said to be in the money." $17.50 $20.00 $16.00 Moving tortion will save the response of 10

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