1. You are evaluating a firm with 109.5M shares outstanding at a current market price of $48.50/share. The firm has 16 M employee stock options outstanding with a weighted-average exercise price of $38 per share, 6 M employee stock options outstanding with a weighted average exercise price of $50 per share, 50,000 shares of non-vested restricted stock, and 750,000 non-vested service- based RSUS (restricted stock units). The firm also has $850 M of convertible debt outstanding. Each $1000 face value bond is convertible into 22 shares of common equity. What is the number of fully-diluted shares for this target firm? 1. You are evaluating a firm with 109.5M shares outstanding at a current market price of $48.50/share. The firm has 16 M employee stock options outstanding with a weighted-average exercise price of $38 per share, 6 M employee stock options outstanding with a weighted average exercise price of $50 per share, 50,000 shares of non-vested restricted stock, and 750,000 non-vested service- based RSUS (restricted stock units). The firm also has $850 M of convertible debt outstanding. Each $1000 face value bond is convertible into 22 shares of common equity. What is the number of fully-diluted shares for this target firm