Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ABC has 70,525 warrants (each with a $20 exercise price) outstanding all year. ABC's stock price was $18 at the beginning of the year and
-
ABC has 70,525 warrants (each with a $20 exercise price) outstanding all year. ABC's stock price was $18 at the beginning of the year and averaged $25 over the whole year. When computing diluted EPS, these warrants will increase shares outstanding by _______ shares.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started