Determining the exercise of the options

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Five years ago, Devin Corporation granted Laura non qualified stock options to buy 1,000 shares of Devin stock at $22 per share exercisable for six years. At the date of grant, the stock was selling for $19 per share. Laura exercised the options this year when the market price was $28 per share. How much income must Laura recognize from the exercise of the options?

Reference no: EM131044514

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