Teague Corporation permits any of its employees to buy shares directly from the company through payroll deduction. There are no brokerage fees and shares can be purchased at a 10% discount. During July, employees purchased 15,000 shares at a time when the established market price was $25 per share. Teague will record compensation expense associated with July purchases of ________.

A. $0 B. $375,000 C. $318,750 D. $37,500