Question: ter 15 i Saved Multiple Choice Help Save Six years ago, Linus Corporation granted Pauline an incentive stock option (ISO) to purchase 5,000 shares of

ter 15 i Saved Multiple Choice Help Save Six years ago, Linus Corporation granted Pauline an incentive stock option (ISO) to purchase 5,000 shares of Linus stock for $13 per share. On date of grant, the market price was $11 per share. Last year, Pauline exercised the ISO when the market price was $47 per share. This year, Pauline sold the stock for $40 per share. Compute Pauline's gain or loss recognized on sale

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