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Business, 23.03.2021 05:10 ChiefRedCloud

Blair Madison Co. issues $2.0 million of new stock and pays $291,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $1.60 million in a new bond issue and paid off existing bonds with a face value of $2.50 million. The company bought 510 of another company's $1,100 bonds at a $110,000 premium. The net cash flow provided by financing activities is:

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Blair Madison Co. issues $2.0 million of new stock and pays $291,000 in cash dividends during the ye...
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