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A researcher is interested in developing a model to predict first grade reading achievement. She includes in her model the following four factors: (a) the child's level of language development, (b) the highest level of education of a parent in the child's household, (c) the amount of time that the parent reads with the child, and (d) the quality of teaching that the child has received. Which of the following variables only has an indirect effect on reading achievement?
Convertible Securities
Financial instruments, such as bonds or preferred shares, that can be converted into a specified number of common shares of the issuing company.
Diluted Earnings
Represents the earnings per share (EPS) if all convertible securities were converted into common stock.
Dilutive
Referring to a financial action or arrangement, such as the issuance of new shares, that decreases an existing shareholder's percentage of ownership.
Antidilutive
Refers to financial transactions or securities that, if exercised or converted into common stock, would increase earnings per share.
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