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Marin Inc. currently has 840,000 shares of common stock outstanding. Marin Inc. is considering these two alternatives to finance its construction of a new $2.30
Marin Inc. currently has 840,000 shares of common stock outstanding. Marin Inc. is considering these two alternatives to finance its construction of a new $2.30 million plant. Issuance of 230.00 shares of common stock at the market price of $10 per share. Issuance of $2.230 million, 7% bonds at face value. Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.)
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