Series 79: Fully Diluted Shares Outstanding

Taken from our FINRA Investment Banking Exam

Definition of the term Fully Diluted Shares Outstanding...

a hypothetical count of the number of common shares that would be outstanding if the issuer immediately had to honor all in-the-money options, warrants, and convertible securities that it has issued on its common stock, and then used the proceeds to buy back as much of its common stock as possible.

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