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NEW QUESTION: 1
BWT, Inc. shows the following data in its financial statements at the end of the year. Assume all securities were outstanding at the beginning of the year:
6.125% convertible bond, convertible into 33 shares of common stock. Issue price $1,000, 100
*
bonds outstanding.
6.25% convertible preferred stock, $100 par, 3,710 shares outstanding. Convertible into 3.3
*
shares of common stock, Issue price $100 8%
convertible preferred stock, $100 par, 5,604 shares outstanding. Convertible into 5 common
*
shares, Issue price $80
12,380 warrants are outstanding with an exercise price of $40. Each warrant is convertible into 1
*
share of common.
Average market price of common is $53.00 per share. Common shares outstanding at the
*
beginning of the year were 45,888.
Net Income for the period was $200,000, while the tax rate was 40%.
*
How many new shares had to be issued to facilitate warrant conversion?
A. 0
B. 1
C. 2
Answer: C
Explanation:
(12380)(40) = $495,200 $495,200/$53 = 9343 common shares 12380 - 9343 = 3037

NEW QUESTION: 2
You have SAP ERP on Azure.
For SAP high availability, you plan to deploy ASC/ERS instances across Azure Availability zones and to use failover clusters.
For each correct select is worth one point.

Answer:
Explanation:

NEW QUESTION: 3

A. Option A
B. Option B
C. Option D
D. Option C
Answer: A