Page 41 - CFA Lecture Day 8 Slides
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Session Unit 7:

                                                                                       24. Understanding Income Statements (B/B)


















                                                         tanties
                                                                                        B. The warrants in this case are antidilutive.
                                                                                        The average price per share of $15 is less than
                                                                                        the exercise price of $20. The year-end price per
                                                                                        share is not relevant. Why? The denominator
                                                                                        consists of only the common stock for basic EPS.






















                                                                                Basic EPS of $1.25! So?
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