anti-dilutive security; quick q

CFA Level I
#1

For Convertible Bonds [Interest ( 1 - tax rate) / # of shares that bonds can be converted to] > Basis EPS then convertible bonds are anti dilutive right?

#2

you got it

#3

almost… you need NI first, then add that part you had up there, and include WASO with shares below…

#4

gogiants is right as what he showed is a quick test to see if the convertible bonds are dilutive.

#5

ya if eps increases if you convert, then anti dilutive and should be ignored