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A company with convertible bonds outstanding will need to adjust the denominator of the EPS equation. The adjustment will consist of the ________. A. conversion

A company with convertible bonds outstanding will need to adjust the denominator of the EPS equation. The adjustment will consist of the ________.

A. conversion ratio times the number of bonds outstanding net of taxes

B. number of bonds in the the debt issue

C. number of bonds issued during the current year

D. conversion ratio times the number of bonds outstanding

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