Use the Following Information to Calculate the "Weighted Average Number

question 53

Multiple Choice

Use the following information to calculate the "weighted average number of ordinary shares outstanding" (WASO) ? $$\begin{array} { | l | r | } \hline \text { Ordinary shares, January 1,2013 } & 100,000 \\\hline \text { Shares issued, March 1, 2013 } & 60,000 \\\hline\text { Shares repurchased, June 1, 2013 and } & \\\text { held as treasury shares } & 10,000 \\\hline \text { Shares issued, Nov 1, 2013 } & 90,000 \\\hline\end{array}$$

• A)104,170
• B)159,167
• C)164,830
• D)190,000

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Definitions:

Compounded Monthly

Calculating interest each month by adding it to both the original investment and the interest that has already been accumulated from past periods.

Quarterly Payments

Payments made four times a year at three-month intervals, often related to dividends or loan repayments.

Interest Rate

The expense a borrower bears for the use of funds from a lender, measured as a fraction of the principal.

Discount Rate

This term refers to the interest rate used in discounted cash flow analysis to figure out the current value of cash flows that will occur in the future.