Question
Question 4: Crane Limited purchased 39,300 call options during the year. The options give the company the right to buy its own common shares for
Question 4:
Crane Limited purchased 39,300 call options during the year. The options give the company the right to buy its own common shares for $10 each. The average market price during the year was $14 per share. Calculate the incremental shares outstanding for Crane Limited.
| Incremental shares outstanding | $______________ |
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Microeconomics
Authors: Michael Parkin
6th Edition
0321112075, 9780321112071
