You are an executive with a company and you were given 5000 stock options at$50.00 a share exercisable/cashable on May 25th, 2023. You are thinking of cashingin these options today because the share price is $65.00 but you know the companywell, and rumour has it the stock will be at $80.00 a share by October 2023. Firstpart of the question, would you cash in the stock option now or would you wait(explain why) and the second part of the question, calculate the taxable portion ifyou decided to sell it today.

Question #3:
Calculate the interest deduction on an income tax return plus the required downpayment using a 1st 2nd and 3rd mortgage on each investment property costing thefollowing amounts: $485,000, $925,000.00, $1,100,000.00, $1,600,000.00,$2,400,000.00 Note: 3rd mortgage interest is 20%