Compute the gain or loss marguerite recognized on the sale

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Reference no: EM131315145

In 2007, Foundry Corporation granted Marguerite Morris an incentive stock option (ISO) to purchase 5,000 shares of Foundry stock for $13 per share. On date of grant, the market price was $11 per share. In 2012, Marguerite exercised the option when the market price was $47 per share. In 2013, she sold the stock for $40 per share. Compute the gain or loss Marguerite recognized on the sale in 2013.

Reference no: EM131315145

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Compute the gain or loss marguerite recognized on the sale : In 2007, Foundry Corporation granted Marguerite Morris an incentive stock option (ISO) to purchase 5,000 shares of Foundry stock for $13 per share. On date of grant, the market price was $11 per share. In 2013, she sold the stock for $40 per share. C..

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