[aamir]

thanks sir .bt i want to ask one thing more that if i study kaplan further f7 notes and lectures need to prepare or not .further how prepare 40 marks mcq,s fully.

[aamir]

sir this option is giving gratest equity shares

20X6 90 $1 shares for $100 nominal value loan stock

[aamir]

A company had 8.28 million shares in issue at the start of the year and
made no new issue of shares during the year ended 31 December
20X4, but on that date it had in issue $2,300,000 convertible loan stock
20X620X9.
The loan stock carries an effective rate of 10%. Assume an
income tax rate of 30%.The earnings for the year were $2,208,000.
This loan stock will be convertible into ordinary $1 shares as follows.
20X6 90 $1 shares for $100 nominal value loan stock
20X7 85 $1 shares for $100 nominal value loan stock
20X8 80 $1 shares for $100 nominal value loan stock
20X9 75 $1 shares for $100 nominal value loan stock
Calculate the fully DEPS for the year ended 31 December 20X4.

in this question how calculate notional shares

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