22. In determining earnings per share (EPS), the interest expense on convertible debt that is dilutive (net of applicable taxes) should be A. ignored for both basic and diluted EPS B. ignored for basic EPS and added back to net income for diluted EPS. C. added back to net income for both basic and diluted EPS 23. Crimson Corporation had 3 million shares of common stock outstanding throughout the year in 2015. During the year, t issued five thousand. S 1,000 convertible bonds with an interest rate of 8%. These bonds were issued at par on 1/1/2015. Each bond is convertible into 10 shares of common stock. Assuming Crimson had a net income of 2.4 million for 2015 and has an effective tax rate of 40%, what is its diluted EPS (rounded)? A. S0.87 B. S0.80 C. $0.88 24. Assume that the exercise price of an option is $10 and the average market price of the stock is $13. Assuming 999 options are outstanding during the entire year, what is the number of shares to be added to the denominator of the diluted EPS