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Sunland Inc. is considering two alternatives to finance its construction of a new $2.20 million plant. (a) Issuance of 220,000 shares of common stock at

Sunland Inc. is considering two alternatives to finance its construction of a new $2.20 million plant.

(a)		Issuance of 220,000 shares of common stock at the market price of $10 per share.
(b)		Issuance of $2,200,000, 7% bonds at face value.

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