NO.PZ2016012102000039
问题如下:
Given the following information, calculate the company's diluted EPS:
company has net income of $200,000 and 150,000 common shares outstanding from the beginning of the year. Company also has 1,000, 8%, $1,000 par bonds convertible into 24 shares each,
outstanding as of the beginning of the year. The tax rate is 35%.
选项:
A. $1.1.
B. $1.3
C. $2.17.
解释:
Basic EPS =
Check if the convertible bonds are dilutive:
Impact of numerator= (1,000 x 1,000 x 0.08) x (1 - 0.35) = $52,000
Impact of denominator = (1,000 x 24) = 24,000 shares
Impact per share =
$2.17 > basic EPS of $1.3, so the bonds are antidilutive. Then the diluted EPS = basic EPS = $1.3.
您好 请问对于convertible bond,题目中给的8%是coupon吗?如果公司发行债券,要付出去的应该是coupon payment,但coupon中又包括了本金和利息,那为什么利息直接是1000*8%呢? 不好意思突然有点不太理解这个8%是什么,和fixed income那里有点混淆了,麻烦助教老师帮忙解答,谢谢你!