Hazel Received 34 NQOs (Each Option Gives Her the Right

question 34

Essay

Hazel received 34 NQOs (each option gives her the right to purchase 10 shares of stock for $9 per share)at the time she started working, when the stock price was $16 per share. Now that the share price is $22 per share, she intends to exercise all of her options. How much cash will Hazel need on the exercise date to exercise the stock option?

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Definitions:

Democratic Society

A society where power is held by the people, either directly or through elected representatives, ensuring freedoms and equality.

Profit Motive

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1996 Telecommunications Act

A significant overhaul of telecommunications law in the United States that aimed to deregulate the broadcasting and telecommunications markets.