Business, 07.12.2020 03:00 thegent3473
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?
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Bad Brad received 20 NQOs (each option gives him the right to purchase 30 shares of stock for $12 pe...
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