JII held the five securities on January 1, 2019. These remained unchanged throughout the year. There were no equity related transactions during the year. Particulars about the basic EPS plus the incremental per share effect required for the calculation of diluted EPS is given for each of the five securities are listed below alphabetically as follows:

Shares Basic EPS 1,000,000	Adjusted Income 4,340,000
Security Change in shares	Change in income
Call options 60,000	$0
Convertible bonds 105,000	$420,000
Convertible preferred shares 120,000	$160,000
Put options (8000)	$0
Warrants 200,000	$0

List all securities in the order of potential dilutivenessand assign the appropriate rank for each security.

a. Call Options [R1], Warrants [R1], Put Options [R1], Convertible Preferred Shares [R2], Convertible Bonds [R3] are all potentially dilutable securities; and none of the securities should be excluded.

b. Call Options, Warrants and Put Options should be excluded as they do not contribute to income; and Convertible Preferred Shares [R1] and Convertible Bonds [R2] are both potentially dilutable securities.

c. Call Options [R1], Put Options [R1], Warrants [R1], Convertible Bonds [R2], are all potentially dilutable securities; and Convertible Preferred Shares, being an equity component becomes anti-dilutive and is to be excluded.

d. Call Options [R1], Put Options [R1], Warrants [R1] and Convertible Preferred Shares [R2] are all potentially dilutable securities; and Convertible Bonds [R2] being a long-term debt is reported annually at fair market value becomes anti-dilutive and so is to be excluded.

e. Call Options [R1], Warrants [R1], Convertible Preferred Shares [R2], Convertible Bonds [R3] are all potentially dilutable securities; and Put Options, being anti-dilutive are to be excluded.