In 2018, DeFi Hub Inc. had 600 weighted average shares of common stock outstanding and reported net income of $600. The board of directors declared $244 in preferred stock dividends. The average price of Boom Inc.'s common stock in 2018 was $60 per share. The CEO held 190 stock options with a strike price of $50 per share and 422 stock options with a strike price of $80 per share, all of which were fully vested. Calculate diluted shares outstanding for 2018. Round to the nearest whole number. X (no answer) Correct Answer: 0.56
In 2018, DeFi Hub Inc. had 600 weighted average shares of common stock outstanding and reported net income of $600. The board of directors declared $244 in preferred stock dividends. The average price of Boom Inc.'s common stock in 2018 was $60 per share. The CEO held 190 stock options with a strike price of $50 per share and 422 stock options with a strike price of $80 per share, all of which were fully vested. Calculate diluted shares outstanding for 2018. Round to the nearest whole number. X (no answer) Correct Answer: 0.56
Chapter1: Financial Statements And Business Decisions
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