1. Given the following assumptions, calculate net new shares change implied by the convert, using the...
1. Given the following assumptions, calculate net new shares change implied by the convert, using the if-converted method. ($ in millions, except per share data; shares in millions) Assumptions Current Share Price $30.00 Convert Amount Outstanding $225.0 Conversion Price $22.50
Homework Answers
Solution:
Net New Shares = Convert Amount Outstanding/Conversion price
Net New Shares = $225,000,000/$22,500,000
Net New Shares = 10
Add Answer to:
1. Given the following assumptions, calculate net new shares
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