At the end of January 2022 Peggy Grey's Cookies has net income of $410. On February 1st, the firm pays out 37 percent of the net income to its shareholders as dividends. A day later the company sold $86 worth of new common stock. What is the net cash flow to the stockholders of February 1st?
At the end of January 2022 Peggy Grey's Cookies has net income of $410. On February 1st, the firm pays out 37 percent of the net income to its shareholders as dividends. A day later the company sold $86 worth of new common stock. What is the net cash flow to the stockholders of February 1st?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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![At the end of January 2022 Peggy Grey's Cookies has net income of $410. On
February 1st, the firm pays out 37 percent of the net income to its shareholders as
dividends. A day later the company sold $86 worth of new common stock. What is
the net cash flow to the stockholders of February 1st?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F75846f55-09e5-4940-bce5-0966d235b49d%2F2e8fd9d4-a0b3-41c7-8b02-75174c8d0f4e%2F8y1cynf_processed.png&w=3840&q=75)
Transcribed Image Text:At the end of January 2022 Peggy Grey's Cookies has net income of $410. On
February 1st, the firm pays out 37 percent of the net income to its shareholders as
dividends. A day later the company sold $86 worth of new common stock. What is
the net cash flow to the stockholders of February 1st?
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