Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Tenham Ltd has 30000 ordinary shares outstanding during the reporting period ended 30 June 2024. The average market price of its ordinary shares during the
Tenham Ltd has 30000 ordinary shares outstanding during the reporting period ended 30 June 2024. The average market price of its ordinary shares during the period was $6.75 per share. The company also has 7500 options on issue with an exercise price of $6.00 each.
Required:
Calculate the additional shares attributed to ordinary shareholders from the potentially dilutive options.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started