Maren Received 10 NQOs (Each Option Gives Her the Right

question 115

Multiple Choice

Maren received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8 per share) at the time she started working when the stock price was $6 per share. When the share price was $15 per share, she exercised all of her options. Eighteen months later she sold all of the shares for $20 per share. What is the amount of Maren's bargain element?

• A)$0
• B)$700
• C)$900
• D)$1,500
• E)None of the choices are correct.

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Definitions:

Roman Catholics

Members of the Roman Catholic Church, the largest Christian church, led by the Pope and characterized by its liturgical traditions and teachings of apostolic succession.

Animosity

A strong feeling of hostility or antagonism towards someone or something.

Martin Delaney

An African American abolitionist, journalist, physician, and writer, known for his advocacy for black nationalism and for being one of the first proponents of African American emigration to Africa.

American Blacks

A term referring to African Americans, emphasizing their identity and heritage in the United States.