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In its 10-Q dated February 4, 2010, LLL, Inc., had outstanding employee stock options representing over 290 million shar
Posted: Sun May 08, 2022 10:19 am
by answerhappygod
- In Its 10 Q Dated February 4 2010 Lll Inc Had Outstanding Employee Stock Options Representing Over 290 Million Shar 1 (38.81 KiB) Viewed 32 times
In its 10-Q dated February 4, 2010, LLL, Inc., had outstanding employee stock options representing over 290 million shares of its stock. LLL accountants estimated the value of these options using the Black-Scholes-Merton formula and the following assumptions: S = current stock price = $27.27 K = option strike price = $29.7 r=risk-free interest rate = 0.052 o = stock volatility = 0.23 T = time to expiration = 3.5 years What was the estimated value of these employee stock options per share of stock? (Note: LLL pays no dividends.) (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Employee stock options