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Crane Inc. is considering two alternatives to finance its construction of a new $1.20million plant. (a)Issuance of120,000 shares of common stock at the market price
Crane Inc. is considering two alternatives to finance its construction of a new $1.20million plant.
(a)Issuance of120,000 shares of common stock at the market price of $10 per share.(b)Issuance of $1,200,000,7% bonds at face value.
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