Peggy Grey's Cookies has net income of $420. The firm pays out 37 percent of...
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Finance
Peggy Grey's Cookies has net income of $420. The firm pays out 37 percent of the net income to its shareholders as dividends. During the year, the company sold $87 worth of common stock. What is the cash flow to stockholders?
$264.60
$123.21
$68.40
$155.40
$242.40
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