Question: Mark received 1 0 ISOs ( each option gives him the right to purchase 1 4 shares of Hendricks Corporation stock for $ 7 per
Mark received ISOs each option gives him the right to purchase shares of Hendricks Corporation stock for $ per share at the time he started working for Hendricks Corporation five years ago, when Hendricks's stock price was $ per share. Now that Hendricks's share price is $ per share, Mark intends to exercise all of his options and hold all of his shares for more than one year. Assume that more than a year after exercise, Mark sells the stock for $ a share.
Note: Enter all amounts as positive values. Leave no answers blank. Enter zero if applicable.
b What are Hendricks's tax consequences on the grant date, the exercise date, and the date Mark sells the shares?
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