Question: Please calculate the fully diluted shares outstanding using the Net Settlement approach based on assumptions below: Assumptions Current Share Price $40.00 Convert Debt Amount Outstanding

Please calculate the fully diluted shares outstanding using the Net Settlement approach based on assumptions below:

Assumptions

Current Share Price

$40.00

Convert Debt Amount Outstanding ($mil.)

$500.00

Conversion Price

$30.00

Basic Shares Outstanding (mil.)

10

Question 9 options:

12.25 mil

15.25 mil

10.17 mil

15.17 mil.

14.17 mil

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