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Suppose an executive has been granted 1,000 stock options (the right to buy at the strike price) with a strike price equal to the current
Suppose an executive has been granted 1,000 stock options (the right to buy at the strike price) with a strike price equal to the current stock price of $3.00 per share.What is the manager's payoff if these options are exercisedwhen the stock price is $3.5 per share?
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