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If the free cash flow of a firm is $103, net interest received is $69, dividends...

If the free cash flow of a firm is $103, net interest received is $69, dividends are $80, and the financial obligations of the firm are zero. In this case, the firm’s treasurer will buy debt securities to the value of:

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Answer #1

In this case, the firm’s treasurer will buy debt securities to the value of:
=103+69-80=92

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