Which of the following statements is not true

Select one:

a. When a convertible security is issued during a period, its effect on EPS is weighted by the percentage of time that the security existed during the period.

b. When calculating diluted EPS, you begin by calculating basic EPS.

c. Conversions of convertible bonds or convertible preferred stock always dilute EPS.

d. The if-converted method assumes the elimination of related interest expense, net of tax, for a converted bond.