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S9-13. (Learning Objective 3: Compute earnings-per-share effects of financing with bonds versus stock) Waterfront Marina...

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Accounting

S9-13. (Learning Objective 3: Compute earnings-per-share effects of financing with bonds versus stock) Waterfront Marina needs to raise $1.5 million to expand the company. Waterfront Marina is considering the issuance of either $1,500,000 of 6% bonds payable to borrow the money, or 150,000 shares of common stock at $10 per share.

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