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Churning · 2019年12月15日

问一道题：NO.PZ2017102901000020

  1. CFA I
  2. FRA

问题如下：

For its fiscal year-end, Sublyme Corporation reported net income of $200 million and a weighted average of 50,000,000 common shares outstanding. There are 2,000,000 convertible preferred shares outstanding that paid an annual dividend of $5. Each preferred share is convertible into two shares of the common stock. The diluted EPS is closest to:

选项：

A.

$3.52.

B.

$3.65.

C.

$3.70.

解释：

C is correct.

Diluted EPS = (Net income)/(Weighted average number of shares outstanding + New common shares that would have been issued at conversion)

= $200,000,000/[50,000,000 + (2,000,000 × 2)]

= $3.70

The diluted EPS assumes that the preferred dividend is not paid and that the shares are converted at the beginning of the period.

老师 想问下分子抵消的问题 加上的那一项具体是什么呢 能不能把分子的项完整的写一下 有点糊涂

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已采纳答案

Olive_品职助教 · 2019年12月16日

嗨，努力学习的PZer你好：


这个公式中分子第一个框框里是NI-div. preferred，第二个框框里是把第一个框框里给优先股支付的分红再加回，加回的是转换成普通股的优先股如果不转换能够拿到的分红。本题是所有优先股都转换成了普通股，因此第一个框里的div. preferred都要加回，跟第二个框里的div. preferred就抵消了。

分子的抵消过程：200,000,000-2,000,000×5+2,000,000×5=200,000,000


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


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