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Under its executive stock option plan, Jackson Corporation granted options on January 1 , 2 0 2 4 , that permit executives to purchase 2

Under its executive stock option plan, Jackson Corporation granted options on January 1,2024, that permit executives to purchase 24 million of the company's $1 par common shares within the next eight years, but not before December 31,2026(the vesting date). The exercise price is the market price of the shares on the date of grant, $20 per share. The fair value of the options, estimated by an appropriate option pricing model, is $6 per option. No forfeitures are anticipated. The options are exercised on April 2,2027, when the market price is $28 per share. By what amount will Jackson's shareholder's equity be nereasee Wnen une ebuens are exercisee. $648 million. $480 million. O $144 million. $672 million.

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