Six months ago,Benders Gym repurchased $20,000 of its common stock.The company pays regular quarterly dividends totaling $8,500 per quarter.What is the amount of the cash flow to stockholders for the past year if no additional shares were issued?
A) -$10,000
B) $20,000
C) $28,500
D) $30,000
E) $54,000
Correct Answer:
Verified
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