The following information was taken from Wicom's financial statements as of December 31, 2006. a. Calculate book
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Question:
The following information was taken from Wicom's financial statements as of December 31, 2006.
a. Calculate book value per share of common stock.
b. Assume that the company also had $1,000,000 worth of convertible bonds. The bonds are convertible at one $1,000 bond into 150 shares of stock. There are also stock options to buy 120,000 shares at a price of $5 per share. The stock is currently trading at $30 per share.
Recalculate your answer to part a) taking into account dilutive effects of the above.
Please show work so I can process the information throughly thnk you
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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