Leslie pays $200 for an option to acquire 100 shares of Ajax Corporation common stock on March

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Leslie pays $200 for an option to acquire 100 shares of Ajax Corporation common stock on March 12, 2021 for $85 per share. As a result of an increase in the market value of the Ajax stock, the market price of the option increases and Leslie sells the option for $1,000 on September 23, 2021. As a result of the sale, Leslie must recognize

$200 STCG.

$800 STCG.

$200 ordinary income.

$800 ordinary income.

Posted Date: Nov 30, 2021 01:52 PM

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Leslie pays $200 for an option to acquire 100 shares of Ajax Corporation common stock on March

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The correct answer is 800 STCG Explaination O... View the full answer

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