During 2015,Furry Kittens Inc

question 109

Essay

During 2015,Furry Kittens Inc.(FKI)had three series of employee stock options outstanding,details of which follow:
• Options A entitle employees to purchase 60,000 ordinary shares for $58.00 each.This series of options was granted on February 1,2013 and expires on June 30,2015.
• Options B entitle employees to purchase 10,000 ordinary shares for $62.00 each until December 31,2016 and $59.00 thereafter.This series of options was granted on June 1,2012 and expires on December 31,2019.
• Options C entitle employees to purchase 45,000 ordinary shares for $57.00 each.This series of options was granted on April 1,2015 and expires on December 31,2018.
The average market price of FKI's ordinary shares for the year ended December 31,2015 was $60.00.
Required:
a.For each of the options series,indicate whether they are dilutive or anti-dilutive in nature in 2015 and provide the reason why.
b.For each of the options series that are dilutive,determine the number of incremental shares to be notionally issued.

Assess the impact of mortality rates and growth in income on the valuation of lost future earnings.

Understand the concept of effective yield and its application to perpetuities and bonds.

Understand the basic structure and function of the heart.

Identify how electrical events relate to mechanical events in the cardiac cycle.

---

Definitions:

Activeness

A quality or state of being active, characterized by energetic actions or activities.

Flexibility

The ability to adapt to new, different, or changing requirements and situations with ease.

Reactiveness

The quality of responding to external stimuli or changes in the environment, typically characterized by adaptability or sensitivity.

Satisfactoriness

The condition or quality of meeting expectations or requirements; adequacy in performance or outcome.