开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

庄园monar · 2022年09月27日

关于行权,有一点没想明白。

NO.PZ2016012102000184

问题如下:

Fruit Capital company issued 55,000 shares to employees as stock options on January 1st, 20X5. 24,000 shares of these options have an exercise price of $32, and the rest of these options have an exercise price of $35. At the end of 20X5, Fruit Capital company's stock price was $42. All of outstanding common shares was 1,800,000.The average stock price over 20X5 was $34.What is the denominator of the diluted earning per share?

选项:

A.

1801412.

B.

1824000.

C.

1754.

解释:

A is correct.

Based on the average stock price, only the options at $32 are in the money (and therefore dilutive).

Using the treasury stock method, the denominator of the diluted EPS=1800000+ [24000-(24000*32)/34]=1801412.

考点:稀释EPS

是否行权要看acerage price,而不是ending price,公司这一年的平均股价是34,因此行权价格35的31000份期权是不行权的只有 32 美元的期权是行权的(因此是稀释的)。

根据treasury stock method ,

diluted EPS的分母 = 1800000+[24000-(24000*32)/34]=1801412

为什么要用32/34呢?股东用32的价格买股票,多出来的钱用34的价格回购市场上的股票,不是亏了吗?

用更贵的价格去回购?

1 个答案

王园圆_品职助教 · 2022年09月27日

嗨,从没放弃的小努力你好:


32美元是员工用32元每股跟公司买股票,公司通过增发24000股股票给员工,从而公司收到了员工给的32*24000的现金

但是公司本质上只是想给员工福利,并不想发行新股,所以要用收到的现金再把市场上的股票买回来一些,从而注销库存股,使在外发行股份数下降,所以可以购回32*24000/34的股票进行注销

这笔交易对于公司来说相当于给员工了发一笔薪酬——记工资费用支出,对公司来说是费用支出而不是收入,所以怎么可能用更便宜的价格回购呢?那不是相当于让员工亏钱给公司送钱了吗?

----------------------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!

  • 1

    回答
  • 0

    关注
  • 350

    浏览
相关问题

NO.PZ2016012102000184 问题如下 Fruit Capitcompany issue55,000 shares to employees stooptions on January 1st, 20X5. 24,000 shares of these options have exercise priof $32, anthe rest of these options have exercise priof $35. the enof 20X5, Fruit Capitcompany's stopriw$42. All of outstanng common shares w1,800,000.The average stopriover 20X5 w$34.Whis the nominator of the luteearning per share? A.1801412. B.1824000. C.1754. A is correct.Baseon the average stoprice, only the options $32 are in the money (antherefore lutive). Using the treasury stometho the nominator of the luteEPS=1800000+ [24000-(24000*32)/34]=1801412.考点稀释EPS 是否行权要看average price,而不是enng price,公司这一年的平均股价是34,因此行权价格35的31000份期权是不行权的,只有 32 美元的期权是行权的(因此是稀释的)。根据treasury stometho,luteEPS的分母 = 1800000+[24000-(24000*32)/34]=1801412股。 如题。

2024-10-23 11:48 1 · 回答

NO.PZ2016012102000184问题如下 Fruit Capitcompany issue55,000 shares to employees stooptions on January 1st, 20X5. 24,000 shares of these options have exercise priof $32, anthe rest of these options have exercise priof $35. the enof 20X5, Fruit Capitcompany's stopriw$42. All of outstanng common shares w1,800,000.The average stopriover 20X5 w$34.Whis the nominator of the luteearning per share?A.1801412.B.1824000.C.1754. A is correct.Baseon the average stoprice, only the options $32 are in the money (antherefore lutive). Using the treasury stometho the nominator of the luteEPS=1800000+ [24000-(24000*32)/34]=1801412.考点稀释EPS 是否行权要看average price,而不是enng price,公司这一年的平均股价是34,因此行权价格35的31000份期权是不行权的,只有 32 美元的期权是行权的(因此是稀释的)。根据treasury stometho,luteEPS的分母 = 1800000+[24000-(24000*32)/34]=1801412股。 乘以32/34是啥意思?分母不是算股数吗?为什么要乘除价格?

2024-04-16 22:06 1 · 回答

NO.PZ2016012102000184 问题如下 Fruit Capitcompany issue55,000 shares to employees stooptions on January 1st, 20X5. 24,000 shares of these options have exercise priof $32, anthe rest of these options have exercise priof $35. the enof 20X5, Fruit Capitcompany's stopriw$42. All of outstanng common shares w1,800,000.The average stopriover 20X5 w$34.Whis the nominator of the luteearning per share? A.1801412. B.1824000. C.1754. A is correct.Baseon the average stoprice, only the options $32 are in the money (antherefore lutive). Using the treasury stometho the nominator of the luteEPS=1800000+ [24000-(24000*32)/34]=1801412.考点稀释EPS 是否行权要看average price,而不是enng price,公司这一年的平均股价是34,因此行权价格35的31000份期权是不行权的,只有 32 美元的期权是行权的(因此是稀释的)。根据treasury stometho,luteEPS的分母 = 1800000+[24000-(24000*32)/34]=1801412股。 老师,如题,我对剩下的31000股不太明白。我明白option的24000股应该假设回购股票,但剩下的31000股不应该是在原来的1800000股的基础上增加的吗?所以,是不是应该1800000+24000-24000*32/34+31000?谢谢

2023-02-08 00:43 1 · 回答

NO.PZ2016012102000184问题如下Fruit Capitcompany issue55,000 shares to employees stooptions on January 1st, 20X5. 24,000 shares of these options have exercise priof $32, anthe rest of these options have exercise priof $35. the enof 20X5, Fruit Capitcompany's stopriw$42. All of outstanng common shares w1,800,000.The average stopriover 20X5 w$34.Whis the nominator of the luteearning per share?A.1801412.B.1824000.C.1754. A is correct.Baseon the average stoprice, only the options $32 are in the money (antherefore lutive). Using the treasury stometho the nominator of the luteEPS=1800000+ [24000-(24000*32)/34]=1801412.考点稀释EPS 是否行权要看average price,而不是enng price,公司这一年的平均股价是34,因此行权价格35的31000份期权是不行权的,只有 32 美元的期权是行权的(因此是稀释的)。根据treasury stometho,luteEPS的分母 = 1800000+[24000-(24000*32)/34]=1801412股。 在实际情况中,不应该与当前价格做对比吗

2022-12-29 14:36 1 · 回答

NO.PZ2016012102000184 问题如下 Fruit Capitcompany issue55,000 shares to employees stooptions on January 1st, 20X5. 24,000 shares of these options have exercise priof $32, anthe rest of these options have exercise priof $35. the enof 20X5, Fruit Capitcompany's stopriw$42. All of outstanng common shares w1,800,000.The average stopriover 20X5 w$34.Whis the nominator of the luteearning per share? A.1801412. B.1824000. C.1754. A is correct.Baseon the average stoprice, only the options $32 are in the money (antherefore lutive). Using the treasury stometho the nominator of the luteEPS=1800000+ [24000-(24000*32)/34]=1801412.考点稀释EPS 是否行权要看average price,而不是enng price,公司这一年的平均股价是34,因此行权价格35的31000份期权是不行权的,只有 32 美元的期权是行权的(因此是稀释的)。根据treasury stometho,luteEPS的分母 = 1800000+[24000-(24000*32)/34]=1801412股。 如题,我肯定会看实时股价去行权,而不是看平均股价,因为作为员工我也不懂这个,年底股价便宜,我肯定会在年底行权。所以这才是现实当中普遍存在的吧?而不是题目中默认的假设,即与平均股价比较? 这个理解对吗

2022-12-14 11:37 1 · 回答