Question: In general, when a convertible security is exchanged for common stock, the overall effect is which of the following? I. stock shares will decrease II

In general, when a convertible security is exchanged for common stock, the overall effect is which of the following?
I. stock shares will decrease
II. earnings per share will decrease
Group of answer choices
Nether statement I nor II is correct
Both statements I and II are correct
Only statement I is correct
Only statement II is correct

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