Mosby Corp. has convertible bonds and convertible preferred stock outstanding all year. Basic earning per share is $4.56. The earnings per incremental share of common stock is $1.99 for the convertible preferred stock and $2.50 for the convertible bonds. the treasury stock approach should be used to calculate earnings per share the convertible bonds are more dilutive than the convertible preferred stock the convertible preferred stock is more dilutive than the convertible bonds the convertible preferred stock and the convertible bonds are both anti-cilutive