Jackie receives incentive stock options (isos) with an exercise price equal to the fmv at the date of the grant of $22. jackie exercises these options 3 years from the date of the grant when the fmv of the stock is $30. jackie then sells the stock 3 years after exercising for $35. which of the following statements is (are) true?
1. at the date of grant, jackie will have ordinary income equal to $22.
2. at the date of exercise, jackie will have w-2 income of $8.
3. at the date of sale, jackie will have long-term capital gain of $13.
4. jackie’s employer will have a tax deduction at the time of exercise.
a. 3 only.
b. 3 and 4.
c. 2, 3 and 4.
d. 1, 2 and 4.

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

Every 10 years, the federal government sponsors a national survey of health and health practices (nhanes). one question in the survey asks participants to rate their overall health using a 5-point rating scale. what is the scale of measurement used for this question? ratio ordinal interval nominal

Why is it vital to maintain a designer worksheet? a. it separates the designs chosen for the season from those rejected by the company. b. it keeps a record of all designs created by the designer for a season. c. it charts out the development of an entire line through the season and beyond. d. it tracks the development of a design along with costing and production details. done