Maren Received 10 NQOs (Each Option Gives Her the Right

Multiple Choice

Maren received 10 NQOs (each option gives her the right to purchase 15 shares of stock for $7 per share) at the time she started working when the stock price was $6 per share. When the share price was $15 per share, she exercised all of her options. Eighteen months later she sold all of the shares for $20 per share. What is the amount of Maren's bargain element?

A) $0
B) $1,200
C) $1,350
D) $2,250
E) None of the choices are correct.