Question
A company generated $137 million in free cash flow, spent $93 million in after-tax interest and repayment of principal on a bank loan and raised
A company generated $137 million in free cash flow, spent $93 million in after-tax interest and repayment of principal on a bank loan and raised $5 million from a share issue. If there were no share repurchases, what was the cash dividend paid to shareholders?
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Fundamentals of corporate finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
9th edition
978-0077459451, 77459458, 978-1259027628, 1259027627, 978-0073382395
