Blossom Inc. is considering two alternatives to finance its construction of a new $1.00 million...
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Blossom Inc. is considering two alternatives to finance its construction of a new $1.00 million plant. (a) Issuance of 100,000 shares of common stock at the market price of $10 per share. (b) Issuance of $1,000,000,6% bonds at face value: Complete the following table. (Round earnings per share to 2 decimal places, eg. 0.25.) Indicate which alternative is preferable. Net income is if stock is used. However, earnings per share is than earnings per share if bonds are used because of the ares of stock that are outstanding
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