Just need help with this 2 part question. 2. What is the proceeds (in millions) fromthe in-the-money options? (keep twodecimals) Current share price: $50; Basic sharesoutstanding: 80 (in millions).1. What is the total shares of in-the-money options? (keep one decimal place)number ofsharesExercisepriceTranche 11.5$10Tranche 21.0$25Tranche 30.2$45Tranche 40.4$55

In the money option:An "in the money" option refers to a financial derivative where the current…

Answered: 2. What is the proceeds (in millions)…

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2. What is the proceeds (in millions) from the in-the-money options? (keep two decimals)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Just need help with this 2 part question.

2. What is the proceeds (in millions) from
the in-the-money options? (keep two
decimals)

Current share price: $50; Basic shares
outstanding: 80 (in millions).
1. What is the total shares of in-the-
money options? (keep one decimal place)
number of
shares
Exercise
price
Tranche 1
1.5
$10
Tranche 2
1.0
$25
Tranche 3
0.2
$45
Tranche 4
0.4
$55

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NAME Herbalife Nutrition Herc Holdings Heritage Insurance Holdings HRTG Hersha Hospitality Trust CIA HT Hershey HSY HTZ SYMBOL CLOSE NET CHG 57.94 -1.39 26.86 -0.71 14.57 -0.38 Hertz Global Holdings Hess Corp. Hess Midstream Partners HLF HRI HES HESM Hewlett Packard Enterprise HPE 16.59 -0.16 106.24 0.80 -0.77 13.27 42.39 0.15 17.87 0.25 13.18 -0.28 VOLUME DIV YIELD P/E 1,149,773 60.41 389,826 72.99 81,929 19.15 732,879 24.16 1,145,889 114.63 52 WK 52 WK HIGH LOW 34.16 1.20 2.07 47.75 -1.71 24.16 3.10 3.35 12.85 0.24 1.65 22.01 -1.02 2,965,201 25.14 16.50 1.12 6.75 ...dd -5.42 89.10 2.89 2.72 22.00 -0.88 13.01 2.24 -2.78 35.59 1.00 2.36 ...dd 47,899 24.51 16.17 1.43 8.00 14.60 12.09 0.45 3.41 11.46 5,969,511 74.81 11,756,695 19.48 **** **** YTD %CHG Figure 2.8 Listing of stocks traded on the New York Stock Exchange Source: WSJ Online, January 4, 2019. 4.67 5.24 -0.23
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