In the earnings per share note of Coteaux SA, the basic weighted average number of shares is 6,000,000 units. The individual effects of the categories of dilutive instruments on the denominator are: options (treasury stock method) 300,000 units; convertible bonds 900,000 units; contingent shares 120,000 units. Calculate the number of shares in the denominator of diluted earnings, as it emerges from the reconciliation of denominators.
- Basic weighted average number of shares
- 6,000,000
- Effect of the options
- 300,000
- Effect of the convertible bonds
- 900,000
- Effect of the contingent shares
- 120,000