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Alternative Financing Plans Folmar Co. is considering the following alternative financing plans: Plan 1 Plan 2 Issue 10% bonds (at face value) $1,360,000 $680,000 Issue

Alternative Financing Plans

Folmar Co. is considering the following alternative financing plans:

Plan 1 Plan 2
Issue 10% bonds (at face value) $1,360,000 $680,000
Issue preferred $1 stock, $10 par

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