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Suppose an executive has been granted 1000 stock options

Suppose an executive has been granted 1,000 stock options (the right to buy at the strike price) with a strike price equal to the current stock price of $3.00 per share. What is the manager's payoff if these options are exercised when the stock price is $4.25 per share?

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Finance Basics: Suppose an executive has been granted 1000 stock options

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