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1.During the most current year, XYZ corp paid $54,140 in interest and $76,530 in dividends. In order to fund a large expansion, the company also
1.During the most current year, XYZ corp paid $54,140 in interest and $76,530 in dividends. In order to fund a large expansion, the company also raised $383,000 in new stock and borrowed $186,000 via the bond market, though a portion of new borrowing was used to pay back $169,000 in bonds that were maturing this year. Calculate the cash flow to creditors.
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