This is a graded discussion: 10 points possible [Post First Discussion] Module 6 Post (Chapter 5) Please click "Reply" to create your response to this post. Enter Chapter 5 in the first line of the post. due Apr 24 This is a required activity. You must post before viewing other student's posts. Answer the lead question. Additionally, expand the discussion by posting two responses to your peers' posts. Chapter 5 Lead Question Discussion Post 14 14 Mark received 10 ISOs at the time he started working for Hendricks Corporation five years ago, when Hendricks's price was $5 per share (each option gives him the right to purchase 10 shares of Hendricks Corporation stock for $5 per share). Now that Hendricks's share price is $35 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 $35 a share. What are Mark's tax consequences on the grant date, the exercise date, and the date he sells the shares, assuming his ordinary marginal rate is 32 percent and his long-term capital gains rate is 15 percent? Search entries or author Unread