The fair market price of the stock on the date of grant was, Financial Accounting

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The fair market price of the stock on the date of grant was

On May 10, 2010, Optima Corporation granted Edward an option to acquire 500 shares of the company's stock for $10 per share. The fair market price of the stock on the date of grant was $12. The fair market value of the option at the date of grant was $3. Edward exercises the option on July 1, 2013, when the fair market value of the stock is $20. What is Edward's regular income at the date of exercise?

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Financial Accounting: The fair market price of the stock on the date of grant was

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Financial Accounting: The fair market price of the stock on the date of grant was

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