Paltel Group has the following Earnings and Securities: Net income for 2020 $450.000 Weighted average common shares 100.000 outstanding during 2020 1. Series (A) 10% five-year convertible bonds were issued on January 1, 2019 with a face value of $200,000 @ 96 %. The bonds are issued to yield 11% interest is paid annually. Each bond is convertible into 22 shares of common stock. 2. Series (B) 12% five-year convertible bonds were issued on June 1, 2020 with a face value of $400.000 @ 100%. Each bond is convertible into 36 shares of common stock, No bonds or preferred stocks were converted during 2020. The tax rate is 30%. Paltel Group has the following Earnings and Securities: Net income for 2020 $450.000 Weighted average common shares 100.000 outstanding during 2020 1. Series (A) 10% five-year convertible bonds were issued on January 1, 2019 with a face value of $200,000 @ 96 %. The bonds are issued to yield 11% interest is paid annually. Each bond is convertible into 22 shares of common stock. 2. Series (B) 12% five-year convertible bonds were issued on June 1, 2020 with a face value of $400.000 @ 100%. Each bond is convertible into 36 shares of common stock, No bonds or preferred stocks were converted during 2020. The tax rate is 30%