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Business, 28.08.2019 21:10 oliviablue7535

Peyton approved prides itself on transparency with shareholders and investors. the company has added two storefront locations and launched a new marketing campaign, which is estimated to bring in 20,000 new customers over the next 6 months. the company expects this expansion will require an additional $1,000,000 of capital and generate an additional $600,000 of after-tax profit. the options are: a. issuing an additional $1,000,000 of 10%, 100-par convertible preferred stock (same class as is currently outstanding) b. issue an additional $1,000,000 of 8% convertible bonds (same terms as the existing issue) $500,000 each of preferred stock and bondsdetermine the impact on earnings per share for each option.

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