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What types of assets should be purchased to support new projects and generate future cash flows? The stock market is approaching its year-to-date high

What types of assets should be purchased to support new projects and generate future cash flows? The stock market is approaching its year-to-date high value, so should Phoenix Golf Club Company consider selling new stock or new bonds to pay for its planned market expansion? Should a company decrease its dividend from $0.75 per share to $0.60 per share?

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