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1. If one million additional shares can only be issued at $23 per there and company can earn 6.0 percent on  proceeds, must the new issue be undertaken based on earnings per share?

2. Garland Corporation has bond outstanding with $90 annual interest payment, market price of $820, and a maturity date in five years.

a. The coupon rate.
b. The current rate.
c. The approximate yield to maturity. - 1.

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