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Business, 26.11.2021 22:10 jazzy200232

Stevie recently received 1,000 shares of restricted stock from her employer, Nicks Corporation, when the share price was $8 per share. Stevie's restricted shares vested three years later when the market price was $11. Stevie held the shares for a little more than a year and sold them when the market price was $16. What is the amount of Stevie's ordinary income with respect to the restricted stock? A. $0.
B. $11,000.
C. $5,000.
D. $8,000

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