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Unformatted text preview: a $3,000,000 X .06; Preferred stock is not assumed converted since conversion would be antidilutive. b $2,000,000 X .08 X (1 .40) c Market price Option price X Number of options = incremental shares Market price $25 $20 X 50,000 = 10,000 $25 d ($2,000,000 $1,000) X 40 shares/bond...
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This note was uploaded on 10/22/2008 for the course ACC 449 taught by Professor Long during the Summer '08 term at University of Phoenix.
- Summer '08