Question: Acnex Inc. granted Ms . Cardena a non - qualified stock option to purchase 1 , 0 0 0 shares of Acnex stock at $

Acnex Inc. granted Ms. Cardena a non-qualified stock option to purchase 1,000 shares of Acnex stock at $44 per share. On date of grant, the market price was $42 per share. This year, Ms. Cardena exercised the option when the market price was $75 per share. Which of the following statements is true?

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