A company wants to raise $100 million (and has 3 different ways to raise the money) to fund growth and is thinking about: 1) selling more stock, which is currently priced at $40 per share, 2) borrowing $100 million which in a bond issue which would carry a 7% coupon with a maturity of 20 years, or 3) issuing a debenture with a 6 12% coupon which would be convertible into common stock with a conversion price of $60. Briefly compare the 3 alternatives in terms of the number of new shares each would create and the "pros and cons" of each approach. (Assume there are no direct costs (e.g. investment banking fees) associated with executing each of the 3 approaches.) 1) Selling Stock 2) Issuing Debt 3) Issuing Convertible Debt