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FX Services granted 13.0 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within two years. The common
FX Services granted 13.0 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within two years. The common shares have a market price of $8 per share on the grant date. Ignoring taxes, what is the effect on earnings in the year after the shares are granted to executives? (Round your answer to 1 decimal place.)
Multiple Choice
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$0.
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$52.0 million.
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$104.0 million.
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$13.0 million.
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