Question: I have some difficulties doing this problem. I would appreciate if someone can help. John Jones is the Treasurer of Specialty Ornaments, Inc. (SPI). During

I have some difficulties doing this problem. I would appreciate if someone can help.

John Jones is the Treasurer of Specialty Ornaments, Inc. ("SPI). During the recent operating year, the company generated significant free cash flow. Assume SPI is a mid-cap company with its stock actively traded on NASDAQ. The company's stock has historically been attractive to its wealthy investor U.S. client base.

Discuss the choices that the Treasurer has to allocate (use) its free cash flow for the current operating year. Your answer should include 3 options that the Treasurer has and when each alternative may be used.

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