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At the date of grant the stock was selling for 19 per share

Five years ago, Devin Corporation granted Laura non qualified stock options to buy 1,000 shares of Devin stock at $22 per share exercisable for six years. At the date of grant, the stock was selling for $19 per share. Laura exercised the options this year when the market price was $28 per share. How much income must Laura recognize from the exercise of the options?

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Finance Basics: At the date of grant the stock was selling for 19 per share

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