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ABC is a publicly traded company listed on NASDAQ. In ABC's 10-Q and 10-K public statements, ABC disclosed that it recorded a $100 mil. pre-tax

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ABC is a publicly traded company listed on NASDAQ. In ABC's 10-Q and 10-K public statements, ABC disclosed that it recorded a $100 mil. pre-tax inventory write-off due to fire in the company's warehouse in 2015:Q2it realized a $50 mil. pre-tax gain ("other income") on the sale of a non-core business in 2014 Q3; it additionally realized a $40 mil. pre-tax gain ("other income") on the sale of a non-core business and $20 mil. pre-tax restructuring costs in connection with a downsizing strategy in 2014:04. ABC has 125 mil. basic outstanding shares, with current stock price of $45 per share. The company has the following information about the options/warrants: Options/warrants Tranche Tranche 1 Tranche 2 Tranche 3 Tranche 4 Tranche 5 Tranche 6 Number of Shares (mil.) 10.00 7.50 5.00 2.50 1.00 0.50 Exercise Price S 5.00 S 25.00 S 30.00 S 35.00 S 40.00 S 55.00 Q2. Given the information above, what is ABC's fully diluted shares outstanding? (10 Points). a) 125 b) 130 c) 140 d) 145 e) 151

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