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Blair Madison Company issues $ 1 . 1 million of new stock and pays $ 2 0 1 , 0 0 0 in cash dividends
Blair Madison Company issues $ million of new stock and pays $ in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $ million in a new bond issue and paid off existing bonds with a face value of $ million. The company bought of another company's $ bonds at a $ premium. The net cash flow provided by financing activities is:
Multiple Choice
An outflow of $
An outflow of $
An inflow of $
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