Peggy Grey's Cookies has net income of $2,918.The firm pays out 35 percent of the net income to its shareholders as dividends.During the year,the company sold $150 worth of common stock.What is the cash flow to the stockholders?
A) $1,171.30
B) $871.30
C) $2,046.70
D) $1,224.20
E) $1,746.70
Correct Answer:
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