Question: Question 12 10 pts Show all work for problem. Jeffrey was granted stock options upon working for Hanesbrands. The strike price is $6.45. The

Question 12 10 pts Show all work for problem. Jeffrey was granted

Question 12 10 pts Show all work for problem. Jeffrey was granted stock options upon working for Hanesbrands. The strike price is $6.45. The options are given as follows: Yr 1 - 1,000 Yr 2 - 3000 Yr 3 - 5000 If the stock closes at $28/share at the end of year 3, how much are the options worth? Edit View Insert Format Tools Table 12pt v Paragraph BIU AT2: Q # 69 $ 3 4 95 & 6 7 8 9 E R T Y U D F G H J K

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