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Peggy Grey's Cookies had net income of $6110. The firm paid out 30 percent of net income to its shareholders as dividends. During the year
Peggy Grey's Cookies had net income of $6110. The firm paid out 30 percent of net income to its shareholders as dividends. During the year the company repurchased $100 worth of common stock and did not issue any new shares of common stock. What is the cash flow to shareholders?
a. $2,933
b. $5,177
c. $1,933
d. $7,610
e. $8,610
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