Dollars and cents when calculating capital gains

FINRA FINRA Series 65
1

My question is based on the following:
Achievable…

The price when the employee exercised the option was $140.17. I include the amount to the right of the decimal point in my calculations resulting in a cost $34 higher than what the quiz must assume. Apparently, the correct answer - which I selected only because I realized the quiz didn’t include the cents in the calculation - was off by $34 from my calculated long term gains.

Cents seem to matter in most other questions in these quizzes. So, my question is when do cents not matter when they are given? Hope this makes sense.

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@Emilio_Rogahn, I had to read this question a few time before it made sense but the 17 refers to how many months later the securities were sold and not part of the price for the securities. The strike price is $130, the market price when exercised was $140, and the price when liquidated is $160.

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Exactly - cents do matter!

The wording on this question is just challenging, but it’s a good exercise since we know FINRA/NASAA questions are worded similarly~

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