Explain the logic of the residual dividend model, the steps a firm would take to implement it,
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Explain the logic of the residual dividend model, the steps a firm would take to implement it, and why it is more likely to be used to establish a long-run payout target than to set the actual year-by-year payout ratio.
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Fundamentals Of Financial Management Concise
ISBN: 9780324258721
4th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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