Re: [問題] CFA level one 問題詢問...

看板CFAiafeFSA (精算師/基金經理人/銀行家)作者coccofly時間20年前 (2005/05/25 23:19)推噓0(0推 0噓 0→)

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我的算法跟你一樣所以也困擾了很久.. 我後來猜想可能是跟NI比起來沒有改變也就是說在算basic eps所減去preferred stock dividends的部分330000 之後算dilutive eps時又加回了330000 一加一減之後抵銷所以沒有改變... 這是我想了很久之後的答案小妹不才如果有錯還請高手多多指教.. ※ 引述《yuppieman (call me yuppie)》之銘言： : 不好意思...問依個簡單的問題... : 我是用Shulman Review : 在 financial statement analysis中 : 有關basic eps and dilutive eps裡 : 公式裡 : basic eps的分子項要減除preferred stock dividends : dilutive eps裡 : 如果在convertible preferred stock的情況下 : 書裡是說不需要減除preferred stock dividends(不就算是加回去) : 題目是:(P.139 Q3) : A company had 22,000 outstanding shares of convertible preferred stock, : par value $100. The dividend is 15% yearly and the company's tax rate is 40% : Each share of preferred stock is convertible into 2 shares of common stock. : The effect on the calculation of diluted earnings per share would be to : (A) increase the numerator by $330000 and increase the denominator by 44000. : (B) leave the numerator unchanged and increase the denominator by 44000. : (C) increase the numerator by $198000 and increase the denominator by 44000. : (D) leave the numerator unchanged and increase the denominator by 22000. : 書裡的答案是 : (B) : "Since the convertible issue is preferred stock, there is no effect on the : numerator. the denominator increases by the number of additional common : 為什麼答案不是(A)呢?計算dilutived eps的話...可轉換特別股變成普通股 : 相對的特別股股利就沒了不是媽?跟basic eps相比的話不是要把當初扣除的 : 特別股股利加回去嗎? 怎嚜會是沒有影響呢? : 請高手解解惑....懷疑答案有錯....快抓破腦袋了 -- ※ 發信站: 批踢踢實業坊(ptt.cc) ◆ From: 218.168.179.248