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Two years ago, Alice, an executive vice president with XYZ Bank, was granted a nonqualified stock option (NQSO) to purchase 100 shares of XYZ stock

Two years ago, Alice, an executive vice president with XYZ Bank, was granted a nonqualified stock option (NQSO) to purchase 100 shares of XYZ stock at $10 per share. When the fair market value (FMV) of the stock reached $30 per share this year, she exercised the option. She is in the 24% marginal income tax bracket. 


If Alice chooses to use a cashless exercise, how many shares of XYZ stock will she own after the transaction?

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