Compute cash flows from financing activities
Compute cash flows from financing activities using the following company information.
Additional short-term borrowings $88,000
Purchase of short-term investments 25,000
Cash dividends paid 32,000
Interest paid 17,000
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Jackson Corporation's bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 8%. The bonds have a yield to maturity of 9%. What is the current market price of these
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