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Speedtown Marina needs to raise $1.2 million to expand the company. Speedtown Marina is considering...

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Accounting

Speedtown Marina needs to raise $1.2 million to expand the company. Speedtown Marina is considering the issuance of either
$1,200,000 of 6% bonds payable, or
100,000 common shares at $12 per share.
(i)(Click the icon to view additional information.) Speedtown Marina? Round earnings per share to the nearest cent.)
Which financing plan would you recommend based solely on EPS?
image

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