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Pennock Inc. has convertible preferred stock outstanding. To compute the diluted EPS, it must adjust ________. A. only the numerator B. only the denominator C.

Pennock Inc. has convertible preferred stock outstanding. To compute the diluted EPS, it must adjust ________.

A. only the numerator

B. only the denominator

C. both the numerator and denominator

D. neither the numerator nor the denominator

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