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Luyiling · 2021年12月21日

判断行权,股数增加,融资也增加?

NO.PZ2016012101000066

问题如下:

Cell Services Inc. (CSI) had 1,000,000 average shares outstanding during all of 2009. During 2009, CSI also had 10,000 options outstanding with exercise prices of $10 each. The average stock price of CSI during 2009 was $15. For purposes of computing diluted earnings per share, how many shares would be used in the denominator?

选项:

A.

1,003,333.

B.

1,006,667.

C.

1,010,000.

解释:

A is correct.

With stock options, the treasury stock method must be used. Under that method, the company would receive $100,000 (10,000 × $10) and would repurchase 6,667 shares ($100,000/$15). The shares for the denominator would be:

 解析:考点是diluted EPS分母的计算。①当年在外发行的股份数= 1,000,000。②由于option行权价低于股票平均价,我们判断会行权,因此期权行权增加了10,000股股份。③但是公司也拿到融资$100,000,再用这些钱按照平均价回购股票,回购份数=$100,000/$15=6667,分母= 1,000,000+10,000-6667=1,003,333。

行权后多了10000股,融资不是减少100000元吗?

1 个答案

Kiko_品职助教 · 2021年12月21日

嗨,爱思考的PZer你好:


如果股东执行了option之后,那不是相当于股东又投了10000*10这些钱吗,相当于公司又多出来了10000*10的现金啊。

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