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Our company offered an incentive stock option plan to its employees. On January 1, 2013,...

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Accounting

Our company offered an incentive stock option plan to its employees. On January 1, 2013, options were granted for 60,000 $1 par common shares. The exercise price equals the $5 market price of the common stock on the grant date. The options cannot be exercised before January 1, 2016, and expire December 31, 2017. Each option has a fair value of $2 based on an option pricing model. Which is the total compensation cost for this plan

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