Question
Cullumber Limited purchased 41,300 call options during the year. The options give the company the right to buy its own common shares for $8 each.
Cullumber Limited purchased 41,300 call options during the year. The options give the company the right to buy its own common shares for $8 each. The average market price during the year was $11 per share. Calculate the incremental shares outstanding for Cullumber Limited.
| Incremental shares outstanding | $ |
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Currency Internationalization Global Experiences And Implications For The Renminbi
Authors: Wensheng Peng, Chang Shu
2nd Edition
0230580491, 9780230580497
