Which one of the following characteristics of preferred stock would make the stock a dilutive security for purposes of calculating earnings per share

Which one of the following characteristics of preferred stock would make the stock a dilutive security for purposes of calculating earnings per share?

A) The preferred stock is callable.

B) The preferred stock is convertible.

C) The preferred stock is cumulative.

D) The preferred stock is noncumulative.

E) The preferred stock is participating.

Answer: B