Question: Under its executive stock option plan, National Corporation granted 12 million options on January 1, 2018, that permit executives to purchase 12 million of the
Under its executive stock option plan, National Corporation granted 12 million options on January 1, 2018, that permit executives to purchase 12 million of the companys $1 par common shares within the next six years, but not before December 31, 2020 (the vesting date). The exercise price is the market price of the shares on the date of grant, $17 per share. The fair value of the options, estimated by an appropriate option pricing model, is $5 per option. Suppose that unexpected turnover during 2019 caused the forfeiture of 5% of the stock options. Compute the amount of compensation expense for 2019 and 2020. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

Under Sective sokopopian Nations Corporation granted 12 pooms on January 2018. permetectives to purchase 12 of the companys per common shares within the best six years, but not before December 3 2020 me vesting danes. The exercise price is the market price of the shares on the date of grant, Sper share. The fair value of the options, estimated by an appropriate option pricing model is $5 per option Suppose that unspected turnover during 2019 caused the forfesture of Ss of the stock options Comote the amount of compensation expense for 2019 and 2020. Enter your answers in million 10.000.000 should be entered os 1011 Answer is complete but not entirely correct. 2015 2000
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