ach where the shares outstanding are adjusted to reflect only in the money and vested options. It does not incorporate the expected proceeds from exercise, which will comprise a cash inflow to the firm. Finally, this approach does not build in the time premium on the options into the MSS: Dynamics CRM 2013 it exam valuation. Illustration 1 Fully Diluted Approach to estimating Value per Share To apply the fully diluted approach to estimate the per share value, we will value two companies with significant option overhangs C Cisco and Google. In Table 1 we summarize the equity values we estimated for the companies, using conventional 22 discounted cash flow models, and then adjust for value MSS: Dynamics CRM 2013 per share using fully diluted shares. 12 Table 1 Fully Diluted Approach to Estimating Value per Share Cisco Google Value of Equity in millions 65,622 32,187 Primary Shares in millions 6,487 277.78 Options outstanding 1436 25.61 Fully Diluted Shares Microsoft Certification 7,923 303.39 Value per share Primary.
|Exam Code||Exam Name||Vendor||Certifications|
|MB2-704||Microsoft Dynamics CRM Application||Microsoft||MSS: Dynamics CRM 2013|