(Solution) - In the beginning of this chapter you read about Neil -(2025 Original AI-Free Solution)

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In the beginning of this chapter you read about Neil Dana, who exercised his option to buy six million shares. In that transaction, Mr. Dana spent $3.6 million to acquire stock valued at $229 million. What was the strike price of the options, and what was the market price of GoPro stock at the time that the options were exercised?