In 2012 an employee was granted 305 options on the stock of, Financial Management

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In 2012 an employee was granted 305 options on the stock of

In 2012, an employee was granted 305 options on the stock of a firm with an exercise price of $20 per option. In 2013, after the options had vested and when the stock was trading at $35 per share, she exercised the option. The firm's income tax rate is 36% What is the after-tax cost to shareholders?

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Financial Management: In 2012 an employee was granted 305 options on the stock of

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