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.