Ron Corporation had 8 million shares of common stock outstanding during the current calendar year. On July 1, Ron issued ten thousand $1,000 face value, convertible bonds. Each bond is convertible into 50 shares of common stock. The bonds were issued at face amount and pay interest semi- annually for 20 years. They have a stated rate of 12%. Jet had income before tax of $24 million and a net income of $18 million. Ron would report the following EPS data (rounded):

a.

Basic EPS

$2.25

Diluted EPS

$2.12

b.$2.25n/a antidilutivec.$2.25$2.16d.$2.25$2.24

A. Option A

B. Option B

C. Option C

D. Option D.