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Blossom Inc. is considering two alternatives to finance its construction of a new $1.00 million plant. (a) Issuance of 100,000 shares of common stock
Blossom Inc. is considering two alternatives to finance its construction of a new $1.00 million plant. (a) Issuance of 100,000 shares of common stock at the market price of $10 per share. (b) Issuance of $1,000,000, 6% bonds at face value. Complete the following table. (Round earnings per share to 2 decimal places, e.g. 0.25.)
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