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Supplementary objective test questions

The following information is relevant for the next 2 questions

HeeBee has 10m shares in issue as at 1st May 20X6. On the 1st August, HeeBee
issued 2m shares at full price. On the 1st November 20X6, HeeBee makes a 1 for 3
rights issue at a price of $5.20. The share price before the rights issue was $6.00.

5.2 The weighted average number of shares used within the basic EPS
calculation for the year ended 30th April 20X7 will be (to the nearest 000):

A 13,417

B 13,586

C 13,689

D 16,000

5.3 The EPS of HeeBee for the year ended 30th April 20X5 was $1.56.

What will be the adjusted comparative EPS within the 20X6 accounts?

A $1.30

B $1.51

C $1.61

D $2.08

5.4 HG has 6% convertible loans with a par value of $5m in issue at the year ended
31st December 20X7. The liability element of the loan had a carrying value of
$4.65m at the beginning of the period.

The loan can be converted into 10 new shares for every $100 of loan. Interest
rates for similar debt without the option to convert are 7%.

HG has 10m ordinary shares in issue and made earnings of $3.2m.

Tax is charged at 20%.

What is the diluted EPS as at the 31st December 20X7? Give your answer
in $ to 2 decimal places.

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