c 7 Walther's following int filed for protection under Chapter 1 1 of the US. Bankruptcy Code information pertains to problems 5 through ear earlier, at the end of 2000, its shares traded for $83.125. 200. Just a e that time, Tlwng tab was adapred from Enron's 2000 annual report Dcb Earon had nearly 100 million ESOs outstanding, most of them substan- At ally in the money Options Exercisable Exercisable Average (thousands) Price 14,001 16.54 Options Outstanding Weighted- Weighted Number Weighted Average of Outstnding Average at 12/31/00 Remaining Exercise at 12/31/00 Exercise (thousands) Contractual Life Price 88 to $20.00 15,368 34.81 24,091 03 o 47.31 21,520 48 to 69.00 13,965 06 to 86.63 21,119 4.7 years 6.8 years 6.8 years 6.5 years 5.6 years 6.2 years 16.72 24.79 40.52 60.18 18,304 8,731 4,072 1.647 46,755 24.13 40.27 61.81 72.36 5. Estimate the amount Enron's ESOs were in the money in the aggregate at December 31, 6. Was the value of Enron's ESOs at December 31, 2000 greater than, less than, or equal to 96,063 44.24 29.85 2000, using the weighted-average exercise price of $44.24. your answer to problem 5