Total compensation cost pertaining to the restricted share

Reference no: EM13138327

On January 1, 2009, Jeans-R-Us Comapny awarded 15million of its $1 par common shares to key personnel, subject to forfeiture if employment is terminated within 3 years. On the date of the grant, the stock had a market price of $ 3 per share.

Required:

(1) Determine the total compensation cost pertaining to the restricted share.

Reference no: EM13138327

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