NO.PZ2023081403000029
问题如下：
Q. When calculating diluted EPS, which of the following securities in the capital structure increases the weighted average number of common shares outstanding without affecting net income available to common shareholders?
选项：
A.Stock options
B.Convertible debt that is dilutive
C.Convertible preferred stock that is dilutive
解释：
A is correct. When a company has stock options outstanding, diluted EPS is calculated as if the financial instruments had been exercised and the company had used the proceeds from the exercise to repurchase as many shares possible at the weighted average market price of common stock during the period. As a result, the conversion of stock options increases the number of common shares outstanding but has no effect on net income available to common shareholders. The conversion of convertible debt increases the net income available to common shareholders by the after-tax amount of interest expense saved. The conversion of convertible preferred shares increases the net income available to common shareholders by the amount of preferred dividends paid; the numerator becomes the net income.
老师好！请问问什么不选C呢？考虑到公式中分子先减去一个preferred stock div, 之后又加上一个preferred stock div, 从计算上一正一负就把pre div.抵消了。。所以对分子没有影响。是不是考虑部分行权而非全部行权？
