Multiple Choice
Bad Brad received 20 NQOs (each option gives him the right to purchase 30 shares of stock for $10 per share) from his employer.At the time he started working the stock price was $11 per share.Now that the share price is $25 per share, he exercises all of the options.Two years later Bad Brad sells the stock for $27 per share.What is Bad Brad's basis in his stock for purposes of calculating the gain or loss?
A) $6,000.
B) $9,000.
C) $15,000.
D) $16,200.
Correct Answer:
Verified
Correct Answer:
Verified
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