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Required information (The following information applies to the questions displayed below.) Penny Arcades, Inc., is trying to decide between the following two alternatives to finance
Required information (The following information applies to the questions displayed below.) Penny Arcades, Inc., is trying to decide between the following two alternatives to finance its new $30 million gaming center: a. Issue $30 million of 5% bonds at face amount. b. Issue 1 million shares of common stock for $30 per share. 2. Which alternative results in the highest earnings per share? Multiple Choice Issue bonds O Issue stock
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