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At the beginning of the year, the long-term debt of a firm was $270 and total debt was $360. At the end of the year, long-term debt was $250 and total debt was $370. The interest paid was $27. What is the amount of the cash flow to creditors?
47
-47
74
-74
24
Curly’s Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $25,000 per year forever. If the required return on this investment is 7
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