On November 19,2011,Rex is granted a nonqualified stock option to purchase 100 shares of Tan Company.On that date,the stock is selling for $8 per share,and the option price is $9 per share.Rex exercises the option on August 21,2012,when the stock is selling for $10 per share.Five months later,Rex sells the shares for $11.50 per share.
Definitions:
Christmas Gifts
Items given to friends, family, and others as presents during the Christmas holiday season, often symbolizing affection and goodwill.
Time Utility
The economic value added to products or services by making them available at a convenient time for consumers when they are needed or wanted.
Dick's Sporting Goods
An American sporting goods retail company offering a wide range of sports equipment, apparel, and footwear.
Year-Round Inventory
Year-round inventory refers to the practice of maintaining a consistent stock of inventory throughout the year to meet demand without significant fluctuations.
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