Bad Brad Received 20 NQOs (Each Option Gives Him the Right

question 67

Multiple Choice

Bad Brad received 20 NQOs (each option gives him the right to purchase 30 shares of stock for $12 per share) from his employer. At the time he started working, the stock price was $11 per share. Now that the share price is $25 per share, he exercises all of the options. Two years later Bad Brad sells the stock for $27 per share. What is Bad Brad's basis in his stock for purposes of calculating the gain or loss at the time of the sale?

• A) $16,200.
• B) $15,000.
• C) $7,200.
• D) $7,800.

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Definitions:

Attraction

A force that draws people together, often leading to emotional, intellectual, or physical relationships.

Classically Beautiful

Adhering to traditional standards of beauty, often characterized by symmetry, harmony, and universally recognized aesthetic attributes.

Romantic Attention

The act of showing interest and affection towards a prospective or current romantic partner.

Potential Suitors

Individuals considered or viable as candidates for a romantic relationship or marriage partnership.