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Calculate the amount of cash received

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Question - During the fiscal year ended January 31, 2017, Acme Corp reported the exercise of 3,000 shares at a weighted-average exercise price of $27.88. Acme's stock was trading at $12.40 on January 31, 2017 and $14.00 on December 31, 2016. Calculate the amount of cash received as a result of the employee stock options exercise.

Reference no: EM132999812

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