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help on issue stock and bonds Marin Inc. is considering these two alternatives to finance its construction of a new $120 million plant 1. Issuance
help on issue stock and bonds
Marin Inc. is considering these two alternatives to finance its construction of a new $120 million plant 1. Issuance of 120,000 shares of common stock at the market price of $10 per share. 2. Issuance of $1.20 million, 8% bonds at face value Complete the table. (Round earnings per share to 2 decimal places, eg. $2.66.) Issue Stock Issue Bonds Income before interest and taxes $1.416,000 $1.416,000 Interest expense from bonds Income before income taxes Income tax expense (3596) Net income Outstanding shares 660 000 Earnings per share eTextbook and Media Sinfo Speech 3 instruct...docx ch Step by Step Solution
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