Aharon exercises 10 stock options awarded several years ago. the following information pertains to the options: (1) each option gives the employee the right to buy 10 shares, (2) the market price on the grant date was $7, (3) the strike price is $10, and (4) the market price on the exercise date was $15. how much will it cost aharon to purchase the options on the exercise date?
a, $90
b, $500
c, $700
d, $1,000
Answers: 2
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