Based on the following information to answ
问题:
Based on the following information to answer questions: 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 bonds, convertible into 33 shares of common stock. Issue price $1000100 bonds outstanding. 6.25% convertible preferred stock, $100 par, 2315 shares outstanding. Convertible into 3.3 shares of common stock, Issue price $100. 8% convertible preferred stock, $100 par, 2572 shares outstanding. Convertible into 5 common shares, Issue price $ 80. 9986 warrants are outstanding with an exercise price of $ 38. Each warrant is convertible into 1 share of common. Average market price of common is $ 52.00 per share. Common shares outstanding at the beginning of the year were 40045. Net income for the period was $ 200000 while the tax rate was 40%. |
How many new shares had to be issued to facilitate warrant conversion()
A. 13665.
B. 9986.
C. 2689.