In 2008 chester corporation granted pauline oxblood a, Financial Management

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In 2008 chester corporation granted pauline oxblood a

In 2008, Chester Corporation granted Pauline Oxblood a nonqualified option to purchase 3,000 shares of Chester stock for $13 per share. On date of grant, the market price was $11 per share. In 2012, Pauline exercised the option when the market price was $47 per share. In 2013, she sold the stock for $40 per share. Compute Pauilne’s gain or loss recognized on sale.

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Financial Management: In 2008 chester corporation granted pauline oxblood a

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Financial Management: In 2008 chester corporation granted pauline oxblood a

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