Our company granted options for 2 million shares of its $1 par common stock at the

beginning of the current year. The exercise price is $35 per share, which was also the market value of the stock on the grant date. The fair value of the options was estimated at $9 per option. Which would be the total compensation indicated by these options?

$2 million

       $9 million

       $18 million

       $35 million 

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