Business, 21.09.2019 20:30 icecreamisgood4u

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:
1) issuing an additional $1,000,000 of 10%, 100-par convertible preferred stock (same class as is currently outstanding)
2) issue an additional $1,000,000 of 8% convertible bonds (same terms as the existing issue)
3) $500,000 each of preferred stock and bonds

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