Tobey receives 1000 shares of you dog stock as part of his

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Tobey receives 1,000 shares of You Dog stock as part of his compensation package. Tobey's employment contract with You Dog!, Inc. states that if he leaves before completion of three years of employment, he will forfeit the stock. The stock currently has a FMV of $12 per share. Which of the following statements regarding Tobey's choices is NOT true?

Reference no: EM13583498

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