A.

NI = $6,000,000 Diluted EPS =

O/S = 2,500,000 shares
Opsi dan waran = 1,500,000 x $9 =

Jumlah opsi untuk membeli saham =

= 13,500,000

Saham biaya yang dikonversi = Jumlah opsi yang ingin dibeli

rata-rata harga pasar
= 13,500,000
15
= 900,000 (saham yang sudah dijual)

Saham yang belum dijual = 1500000 - 900000

= 600,000

B.
Basic Eps = NI Diluted EPS =
O/S
= $4,000,000 =
2,500,000
= 1.6

Jumlah opsi untuk beli saham = 13,500,000

Saham biaya yang dikonversi = 13,500,000
10
= 1,350,000 (saham yang sudah dijual)

Saham yang belum dijual = 1500000 - 900000

= 150,000
NI
O/S+Opsi&Warran
$6,000,000
2500000+600000
1.94

$4,000,000
2500000+150000
1.51
Modal Awal = 80 jt
Nominal Saham = 2,000
Fund Requirement = 12,000,000

(dalam Rp) Alt 1 Alt 2 Alt 3

Fund requirement 12,000,000 12,000,000 12,000,000
Obligasi - 3,000,000 4,800,000
C/S 12,000,000 9,000,000 7,200,000
EBIT 2,400,000 2,400,000 2,400,000
Interest (10%) - 300,000 480,000
EBT 2,400,000 2,100,000 1,920,000
Tax (30%) 720,000 630,000 576,000
1,680,000 1,470,000 1,344,000

(dalam saham) Alt 1 Alt 2 Alt 3

Modal awal 80,000,000 80,000,000 80,000,000
Nominal 2,000 2,000 2,000
C/S awal 40,000 40,000 40,000
Tambahan 12,000,000 9,000,000 7,200,000
Nominal 2,000 2,000 2,000
C/S atas tambahan 6,000 4,500 3,600
Total C/S 46,000 44,500 43,600