Maren Received 11 NQOs (Each Option Gives Her the Right

question 21

Multiple Choice

Maren received 11 NQOs (each option gives her the right to purchase 14 shares of stock for $10 per share) at the time she started working when the stock price was $7 per share. When the share price was $16 per share, she exercised all of her options. Eighteen months later she sold all of the shares for $21 per share. What is the amount of Maren's bargain element?

• A)$0
• B)$924
• C)$1,386
• D)$2,464
• E)None of the choices are correct.

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Definitions:

Cell Cycle

The cell cycle is the ordered series of events involving cell growth and cell division that produces two new daughter cells.

Chromosomes

Thread-like structures located in the nucleus of cells that carry genetic information in the form of genes.

Checkpoint Genes

Checkpoint genes are parts of the cellular machinery that regulate the cell cycle's critical checkpoints to ensure accurate DNA replication and division.

BRCA1

A gene located on chromosome 17, playing a critical role in the repair of DNA breaks; mutations can significantly increase the risk of breast and ovarian cancer.