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2. What is the proceeds (in millions) from the in-the-money options? (keep two decimals)

2. What is the proceeds (in millions) from the in-the-money options? (keep two decimals)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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2. What is the proceeds (in millions) from the in-the-money options? (keep two decimals)
Transcribed Image Text:2. What is the proceeds (in millions) from the in-the-money options? (keep two decimals)
Current share price: $50; Basic shares outstanding: 80 (in millions). 1. What is the total shares of in-the- money options? (keep one decimal place) number of shares Exercise price Tranche 1 1.5 $10 Tranche 2 1.0 $25 Tranche 3 0.2 $45 Tranche 4 0.4 $55
Transcribed Image Text:Current share price: $50; Basic shares outstanding: 80 (in millions). 1. What is the total shares of in-the- money options? (keep one decimal place) number of shares Exercise price Tranche 1 1.5 $10 Tranche 2 1.0 $25 Tranche 3 0.2 $45 Tranche 4 0.4 $55
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