If convertible securities are not exercised, do you have to include them in earnings per share calculations?
A) Yes, always include convertible securities in earnings per share calculations.
B) No, exclude convertible securities from earnings per share calculations if they are not exercised.
C) Include convertible securities in earnings per share calculations only if they are in-the-money.
D) Include convertible securities in earnings per share calculations only if they are out-of-the-money.