What are the proceeds that will be used to buy back shares

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Question: Illinico has the following tranches of options outstanding: Options Strike Price per Share Tranche 1 10,000 $15.00 Tranche 2 5,000 $22.00 Tranche 3 7,500 $35.00 Using the treasury stock method and assuming that the stock price of Illinico is $40 per share, what are the proceeds that will be used to buy back shares in the analysis?

Reference no: EM133609824

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