Which alternative should graceful use

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Reference no: EM133559972

Question: The board of Graceful Ballet Ltd, a listed company, needs to raise more funds to purchase a competitor. Members of the board come from artistic backgrounds and are relatively naive in relation to financial matters. One member of the board, who is a famous dancer, has suggested extending the bank overdraft to cover the purchase. A second suggestion was to raise the funds by mortgaging the season tickets to next year's performances. A third alternative is to issue more securities to the market, but the board does not like this alternative as it would reduce the control of existing shareholders.

Which alternative should Graceful use, and how could it attempt to raise the funds?

Reference no: EM133559972

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