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Current Attempt in Progress Metlock, Inc. is considering these two alternatives to finance its construction of a new $1.28 million plant: 1. Issuance of
Current Attempt in Progress Metlock, Inc. is considering these two alternatives to finance its construction of a new $1.28 million plant: 1. Issuance of 128,000 shares of common stock at the market price of $10 per share. 2. Issuance of $1.28 million, 8% bonds at face value. (a) Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Income before interest and taxes Interest expense from bonds Issue Stock $1,550,000 Issue Bonds $1,550,000
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