NO.PZ2016012102000038
问题如下：
What is the total number of shares that should be used in computing diluted EPS under the following conditions?
500,000 shares outstanding.
200,000 warrants exercisable at $42 per share.
Average share price is $45.
Year-end share price is $50.
选项：
A.89,901.
B.500,309.
C.513,333.
解释：
The warrants are dilutive because the exercise price of the warrants is less than the average share price.
The impact of the warrants:
Shares in total : 13,333 + 500,000 = 513,333 shares.
考点：股数计算
因为认股权证的行使价低于平均股价，所以认股权证被摊薄。
认股权证的影响：
行权可以收到的现金可以回购的股票数是 ： 200,000*42/45。
因此需要多发行的股份 =200,000-200,000*42/45 = 13,333 shares。
所以对应的总的稀释后的股票数为：513,333 shares
42的行权价格，市场价格45. 不是应该以45的价格卖出，42的价格买入吗。42卖出再以更高的价格买入，有啥意义呢？
