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Santana Corporation has 400,000 shares of common stock outstanding throughout 2015. In addition, the corporation has 5,000, 20-year, 9% bonds issued at par in 2013.
Santana Corporation has 400,000 shares of common stock outstanding throughout 2015. In addition, the corporation has 5,000, 20-year, 9% bonds issued at par in 2013. Each $1,000 bond is convertible into 20 shares of common stock. During the year 2015, the corporation earned $750,000 after deducting all expenses. The tax rate was 30%. Required: Compute all relevant EPS information
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