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just confused on how to calculate outflow. Thank you 5. How would Fuzzy Monkey's 2016 statement of cash flows be affected by this investment? (Do
just confused on how to calculate outflow. Thank you
5. How would Fuzzy Monkey's 2016 statement of cash flows be affected by this investment? (Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal place, (i.e., 5,500,000 should be entered as 5.5).) million outflow Operating cash flow : Investing cash flow $ 0 million no effect Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $160 million of 8% bonds, dated January 1, on January 1, 2016. Management intends to include the investment in a short-term, active trading portfolio. For bonds of similar risk and maturity the market yield was 10%. The price paid for the bonds was $142 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2016, was $ 150 million. RequiredStep by Step Solution
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