Question
g Double A Inc. has never paid a dividend on its common stock. The firm issued $1,200,000 of long-term bonds in 2002 at face. This
g Double A Inc. has never paid a dividend on its common stock. The firm issued $1,200,000 of long-term bonds in 2002 at face. This debt is callable and is scheduled to mature in 2022. The coupon rate is 8 percent and pays quarterly coupon payments. As of the end of 2017, none of the principal on this debt has been repaid. Assume that 2016 and 2017 sales were the same in both years. Based solely on the given information, what is Double As cash flow provided/used from financing activities? Select one: a. Cannot be determined. b. $500,000 c. $400,000 d. $600,000 e. ($400,000)
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