Which of the following convertible securities must be dilutive:

Group of answer choices

$1,000,000, 7% Bonds issued at a discount, convertible to 50,000 common shares

All of these convertible securities must be dilutive

$500,000, 5%, $100 par value Preferred Stock, convertible to 25,000 common shares

10,000 Executive Stock Options, $19 exercise price with average market price of $20