Fully Diluted Shares Outstanding, That Is, the Number of Target's

question 25

True/False

Fully diluted shares outstanding, that is, the number of Target's "basic" shares outstanding (i.e., pre- transaction shares outstanding) plus the number of shares represented by the firm's "in the money" options, warrants, and convertible debt and preferred securities should be used in the calculation of the total cost of a takeover.

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