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The Lory Bookstore used internal financing as a source of long-term financing for 80% of its total needs in 2013. The company borrowed an additional

The Lory Bookstore used internal financing as a source of long-term financing for 80% of its total needs in 2013. The company borrowed an additional 27% of its total needs in the long-term debt markets in 2013. What were Lory's net new stock issues in that year?

Group of answer choices

27%

-20%

-7%

20%

7%

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