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Question: peggy greys cookies had net income of 8440 the firm...

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Peggy Grey's Cookies had net income of $8,440. The firm paid out 45 percent of net income to its shareholders as dividends. During the year, the company issued 40 new shares of common stock at a price of $1.15 per share and repurchased $100 worth of common stock. What is the cash flow to shareholders?

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