Which Statement Is Correct About the "If-Converted" Method for EPS

Which statement is correct about the "if-converted" method for EPS?

A) This method assumes the convertible security is converted into ordinary shares at the end of the fiscal period.
B) This method assumes the convertible security is converted into ordinary shares at the beginning of the fiscal period.
C) This method assumes the convertible security is converted into ordinary shares evenly over the fiscal period.
D) This method assumes the convertible security is converted into ordinary shares at the mid-point of the fiscal period.

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