Homework Answers
| For EPS | ||||||
| Denominator | ||||||
| Weighted Average outstanding shares | ( shares in million) | |||||
| Shares outstanding | Weight ( months) | Total | ||||
| till sept, 1 | 740 | 8 | 5920 | |||
| after sept,1 | 818 | 4 | 3272 | |||
| =(740+78) | ||||||
| 12 | 9192 | |||||
| Weighted average outstandin share | =9192/12 | |||||
| Total Denominator | 766 | million | ||||
| For Diluted EPS | ||||||
| Denominator | ||||||
| Weighted average outstandin share | 766 | million | ||||
| Convertible bonds | 70 | million | ||||
| Diluted part of option* | 20 | million | ||||
| Total Denominationr | 856 | million | ||||
| Diluted part of option* | =options available (market price-exercise price)/market price | |||||
| =60(18-12)/18 | ||||||
| 20 | million | |||||
| For EPS | ||||||
| Numerator | =net income - preference dividend | |||||
| =1532-(20*50*8%) | ||||||
| 1452 | ||||||
| * assumed net income given is after tax | ||||||
| For Diluted EPS | ||||||
| Numerator | =Numerator as per DPS + Debt interest (1- tax rate) | |||||
| =1452 + (6.4% * 2000)(1-0.25) | ||||||
| 1548 | ||||||
| Numerator | Denominator | EPS | ||||
| basic | 1452 | 766 | 1.9 | |||
| Diluted | 1548 | 856 | 1.81 |
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