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A company issues $1.6 million of new stock and pays $251,000 in cash dividends during the year. In addition, the company took advantage of folling
A company issues $1.6 million of new stock and pays $251,000 in cash dividends during the year. In addition, the company took advantage of folling interest rates to borrow $1.56 million in a new bond issue and pald off existing bonds with a face value of $2.30 mililion. The company bought 506 of another company's $1,060 bonds at a $106,000 premium. The net cosh flow provided by financing activities Is: O An inflow of $740,000 O An outflow of $106,000. An outflow of $251,000. O An infiow of $609,000
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