anti-dilutive security; quick q

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

you got it

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

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

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