Getting Started . I imported From IE I imported From Fire D Domain Manager , Que

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Getting Started . I imported From IE I imported From Fire D Domain Manager , Question 1 (of 3) velue 33.33 points Brief Exercise 19-1 Restricted stock award L019-1 First Link Services granted 6.8 milion of its $1 par common shares to executives, subject to forfeiture employment is terminated within five years. The common shares have a market price of $25 per share on the grant date of the restricted stock award 1. Ignoning taxes, what is the cost pertaining to the restricted shares? es fie., 5,500,000 should be entered as answer in millions rou milion 2. Ignoring taxes, what is the effect on earmings in the year after the shares are granted to Enter your answer in millions rounded to 2 decimal placos (iL.e, 5,500,000 should be entered as 5.50)) million References 8Book & Resources TOSHIBA 3 5 8

Explanation / Answer

19.1

total compensation cost = 6.8 * 25 = 170

effect on earnings = 170 / 5years = 34

19.2

total compensation cost = 11 * 22 = 242

effect on earnings = 242 / 4 years = 60.5

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