[单选题]

An analyst gathered the following data about a company:
·1,000,000 shares of common are outstanding at the beginning of the year.
·10, 000 6% convertible bonds (conversion ratio is 20 to 1) were issued at par June 30 of this year.
·The company has 100,000 warrants outstanding all year with an exercise price of $25 per share.
·The average stock price for the period is $20, and the ending stock price is $30.
If the convertible bonds are considered dilutive, the number of shares of common stock that the analyst should use to calculate diluted earnings per share is:

A.1,000,000.

B.1,100,000.

C.1,266,667.

参考答案与解析:

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