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Business, 16.04.2021 02:30 hartmaaj95
1. In 20x8, BT Inc. granted a nonqualified stock option to Ms..P to buy 500 shares of BT stock at $20 per share for 10 years. At date of grant, BT stock was trading on the NASDAQ for $20 per share. In the current year, Ms. P exercised the option when BT’s stock was trading at $37.10. a) How much income must Ms. P recognize in 20x8 and in the current year because of the option?
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