Question
Liver Co. has basic eps of $1.00 per share (net income of $50,000 and 50,000 weighted-average shares outstanding, with no preferred stock). Liver also has
Liver Co. has basic eps of $1.00 per share (net income of $50,000 and 50,000 weighted-average shares outstanding, with no preferred stock). Liver also has 5,000 warrants outstanding that permit the holder
to buy one common stock each for $35. The stock price of Liver varied between $26 and $49 over the year
(closing at $40), with an average of $38 over the year. What should Liver show for diluted eps for the year?
Step by Step Solution
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Step: 1
Solution Computation of the Diluted Earning Per Share Formula Dil...
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Step: 2
Step: 3
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
