[Solved] Marin Inc.currently has 620,000 shares of

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Posted on Jun 17, 2024

Marin Inc.currently has 620,000 shares of common stock outstanding. Marin Inc. is considering these two alternatives to finance its construction of a new $1.20 millionplant:

1.Issuance of120,000shares of common stock at the market price of $10per share.2.Issuance of $1.20 million,8% bonds at face value.

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