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Kingbird, Inc. currently has 820,000 shares of common stock outstanding. Kingbird, Inc. is considering these two alternatives to finance its construction of a new $2.20
Kingbird, Inc. currently has 820,000 shares of common stock outstanding. Kingbird, Inc. is considering these two alternatives to finance its construction of a new $2.20 million plant: 1. Issuance of 220,000 shares of common stock at the market price of $10 per share. 2. Issuance of $2.20 million, 5% bonds at face value. (a) Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.)
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