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At the beginning of the year, long-term debt of a firm is $310 and total debt is $340. At the end of the year, long-term
At the beginning of the year, long-term debt of a firm is $310 and total debt is $340. At the end of the year, long-term debt is $270 and total debt is $350. The interest paid is $36. What is the amount of the cash flow to creditors?
a) -$76
b) $76
c) $36
d) $40
e) -$40
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