Business, 07.04.2020 20:35, timiaparker

Santana Corporation has 400,000 shares of common stock outstanding throughout 2021. In addition, the corporation has 5,000, 20-year, 9% bonds issued at par in 2019. Each $1,000 bond is convertible into 20 shares of common stock after 9/23/22. During the year 2021, the corporation earned $900,000 after deducting all expenses. The tax rate was 30%.

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Santana Corporation has 400,000 shares of common stock outstanding throughout 2021. In addition, the...