Question: d. Compute Isabelle's book value per share at December 31. 2001, assuming conversion of the convertible debt and pre- ferred shares into common shares, as

d. Compute Isabelle's book value per share at December 31. 2001, assuming conversion of the convertible debt and pre- ferred shares into common shares, as well as exercise of all options.

e. Explain why the diluted calculations (parts b and

d) provide. per-share amounts that are most suitable for valuation than the amounts calculated in parts a and c.

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