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qwe21s · 2018年11月25日

问一道题:NO.PZ2016012102000037 [ CFA I ]

问题如下图:

    

选项:


A.

B.

C.

解释:


能文字讲述一下这道题的解题思路么?谢谢

1 个答案
已采纳答案

品职辅导员_小明 · 2018年11月26日

计算DEPS,第一步先要判断这种证券有没有稀释作用

题干里给的条件是可转换债券,这种证券肯定是有稀释作用的

第二步我们分别计算BEPS和DEPS,两者之间做对比

BEPS和DEPS相信这个时候同学你肯定已经没问题了

第三步计算出来之后如果DEPS小于BESP,说明每股净利润被稀释了,此时我们用DEPS,反之,说明没有被稀释,就用BEPS

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NO.PZ2016012102000037 问题如下 the beginning of the year, PZ company h200,000 shares of common stooutstanng. On M31, Share issue50,000 shares of common stock. AnShare issuea 15% stovinon June1. On October 1, the company issue1,000, 10% bon, eacconverteinto 10 shares of common stock. In computing basic anluteEPS, whis the weighteaverage number of shares to useassuming the convertible bon are lutive? Average shares, basicAverage shares, lutive A.263,542273,542 B.263,542230,200 C.178,900236.042 Basic shares = {[200,000 x (12 / 12)] + [50,000 x (7 / 12)]} x 1.15 = 263,542luteshares = 263,542 + 10,000 =273,542考点股数计算Basic shares = {[200,000 x (12 / 12)] + [50,000 x (7 / 12)]} x 1.15 = 263,542* 5月底发行的50,000股,需要按时间加权。** 乘以 1.15,是因为发了15%的股票股利luteshares = 263,542 + 10,000 =273,542在算luteEPS的时候,如果有convertible bon话,convertible bon成的股票是不考虑时间加权的,就视同最初发行的一样。是直接加上convertible bon股后的股份数。

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