Question: Save & Exit Saved Help Penny Arcades, Inc., is trying to decide between the following two alternatives to finance its new $16 million gaming center:

Save & Exit Saved Help Penny Arcades, Inc., is trying to

Save & Exit Saved Help Penny Arcades, Inc., is trying to decide between the following two alternatives to finance its new $16 million gaming center: S a. Issue $16 million, 7% note. b. Issue 1 million shares of common stock for $16 per share. 2. Which alternative results in the highest earnings per share? :33 Multiple Choice Issue note Issue stock Prey 5 of 12 * Next >

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