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Using the information for the next 4 questions. Current share price: $50; Basic shares outstanding: 80 (in millions). 1. What is the total shares of

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Using the information for the next 4 questions. Current share price: $50; Basic shares outstanding: 80 (in millions). 1. What is the total shares of in-the- money options? (keep one decimal place) number of Exercise shares price Tranche 1 1.5 $10 Tranche 2 1.0 $25 Tranche 3 0.2 $45 Tranche 4 0.4 $55 2. What is the proceeds (in millions) from the in-the-money options? (keep two decimals)

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