Jeffrey Thomas has been working at Gulf Oil for ten years. His performance has been good and he has received Gulf Oil stock options. Options vest at 20% a year. The stock options were distributed as below: 2019 - 3,000 options at $23.00 on Jan 1. 2020 - 2,500 options at $30.00 on Jan 1. 2021 - 5,000 options at $32.00 on Jan 1. The current price of Gulf Oil stock is $41.50. If Jeffrey were to leave the company today, how much money would he have from stock options?
Jeffrey Thomas has been working at Gulf Oil for ten years. His performance has been good and he has received Gulf Oil stock options. Options vest at 20% a year. The stock options were distributed as below: 2019 - 3,000 options at $23.00 on Jan 1. 2020 - 2,500 options at $30.00 on Jan 1. 2021 - 5,000 options at $32.00 on Jan 1. The current price of Gulf Oil stock is $41.50. If Jeffrey were to leave the company today, how much money would he have from stock options?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Jeffrey Thomas has been working at Gulf Oil for ten years. His performance has been good and he has received Gulf Oil stock options. Options vest at 20% a year. The stock options were distributed as below:
2019 - 3,000 options at $23.00 on Jan 1.
2020 - 2,500 options at $30.00 on Jan 1.
2021 - 5,000 options at $32.00 on Jan 1.
The current price of Gulf Oil stock is $41.50. If Jeffrey were to leave the company today, how much money would he have from stock options?
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