Navajo Ltd Have the Following Options on Issue as at 30

question 33

Multiple Choice

Navajo Ltd have the following options on issue as at 30 June 2009: $$\begin{array} { | l | l | l | l | } \hline & \begin{array} { l } \text { I: } \\\text { Option issued } \\1 \text { July } 2006\end{array} & \begin{array} { l } \text { II: } \\\text { Option issued } \\1 \text { July } 2007\end{array} & \begin{array} { l } \text { III: } \\\text { Option issued } \\\text { 1 July 2008 }\end{array} \\\hline \text { Number of options } & 100000 & 200000 & 300000 \\\hline \text { Exercise price } & \$ 2.60 & \$ 3.30 & \$ 4.50 \\\hline \text { Expiry date } & 30 \text { June } 2010 & 30 \text { June 2012 } & 30 \text { June 2013 } \\\hline\end{array}$$ The close price for Navajo Ltd shares was $3.35 and the average market price for the period was $3.20.
In accordance with AASB 113,which of the options in the table is/are potentially diluting for Navajo Ltd for the year ended 30 June 2009?

• A) I, II and III
• B) I and II
• C) II and III
• D) I only

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Definitions:

Unconsciously

Without conscious awareness; occurring in the mind without one's conscious recognition or realization.

Feature Detector

Neurons in the brain that respond to specific attributes or patterns, such as shapes, angles, or movement.

Visual Cortex

The portion of the cerebral cortex responsible for processing visual data, situated at the brain's rear.

Retina

The layer of tissue at the eye's rear that is sensitive to light, which converts light into neural signals for vision.