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Fundamentals of Financial Manageme...

15th Edition
Eugene F. Brigham + 1 other
ISBN: 9781337395250

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Chapter
Section
BuyFindarrow_forward

Fundamentals of Financial Manageme...

15th Edition
Eugene F. Brigham + 1 other
ISBN: 9781337395250
Textbook Problem

Use online resources to work on this chapter's questions. Please note that website information changes over time, and these changes may limit your ability to answer some of these questions.

In this chapter's opening vignette, we discussed Apple's decision to establish a dividend payout policy in 2012 and its subsequent decisions to increase quarterly dividends and raise its repurchase program to $175 billion. Let's find out what has happened to Apple's (AAPL) dividend policy since the time of its original announcement. We can address this issue by relying on data provided on internet financial websites such as Yahoo! Finance, Morningstar.com, Google Finance, and MSN Money (www.msn.com/en-us/money/markets). You will have to use a combination of these sites to answer these questions.

6. Review the firm's annual cash flow statements. Has Apple been repurchasing stock, or has it been issuing new stock?

Summary Introduction

To explain: Whether A Company is repurchasing stock or issuing new stock.

Introduction:

Share Repurchase:

When a company issued its shares in the open market and finds that the share issued by the company are undervalued, the management decided to buy back its own shares to decrease the number of shares outstanding.

Explanation

Given information:

Table to show the “Financing activities section” of statement of cash flow for Company A.

Financing Cash Flow Items-1,247.00
Total Cash Dividends Paid-12,769.00
Issuance (Retirement) of Stock, Net-32,345.00
Issuance (Retirement) of Debt, Net29,014...

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