Basic EPS = $21.50 per share. Dilution testing showed that the following convertible securities would produce the following changes in EPS had they been converted:

Convertible Preferred Shares; Change in EPS = $4.50/share

Convertible Bonds, 9%; Change in EPS = $11/share

Convertible Bonds, 6%; Change in EPS = $3.20/share

In what order should they be entered into the cascade worksheet?

Group of answer choices

Convertible Bonds, 6%; Convertible Preferred shares; Convertible Bonds, 9%

Convertible Bonds, 9%; Convertible Preferred shares; Convertible Bonds, 6%

Convertible Preferred shares; Convertible Bonds, 9%; Convertible Bonds, 6%

Convertible Bonds, 6%; Convertible Bonds, 9%; Convertible Preferred shares