If all potentially dilutive securities are dilutive (as opposed to antidilutive), will diluted earnings per share be the same whether there are actual or hypothetical conversions of potentially dilutive securities?

A.

No. If the effects of conversion are not antidilutive, the application of the if-converted assumption to diluted earnings per share will only result in the same diluted earnings per share if there are hypothetical events. This is due to the fact that the if-converted assumption will place the timing of the conversion or exercise at the earliest possible point.

B.

No. If the effects of conversion are not antidilutive, the application of the if-converted assumption to diluted earnings per share will only result in the same diluted earnings per share if there are actual events. This is due to the fact that the if-converted assumption will place the timing of the conversion or exercise at the latest possible point.

C.

No. If the effects of conversion are not antidilutive, the application of the if-converted assumption to diluted earnings per share will not result in the same diluted earnings per share whether there are actual or hypothetical events. This is due to the fact that the if-converted assumption will place the timing of the conversion or exercise at the latest possible point.

D.

Yes. If the effects of conversion are not antidilutive, the application of the if-converted assumption to diluted earnings per share will result in the same diluted earnings per share whether there are actual or hypothetical events. This is due to the fact that the if-converted assumption will place the timing of the conversion or exercise at the earliest possible point.