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Business, 05.05.2020 04:08 annagwhiteou0hrh

Blair Madison Co. issues $2.8 million of new stock and pays $560,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $4.2 million in a new bond issue and paid off existing bonds with a face value of $5.6 million. The company bought 1,400 of another company's $1,000 bonds at a $280,000 premium. The net cash flow provided by financing activities is:

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Blair Madison Co. issues $2.8 million of new stock and pays $560,000 in cash dividends during the ye...
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