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Which one of the following statements is correct? Cash flow to creditors is defined as interest paid plus net new borrowing. Cash flow to stockholders

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Which one of the following statements is correct? Cash flow to creditors is defined as interest paid plus net new borrowing. Cash flow to stockholders is defined as dividends paid plus the change in retained earnings. Free Cash Flow is cash flow that can be freely distributed to debt holders. Free Cash Flow is cash flow that can be freely distributed to debt holders

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