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A company has been in business for over 50 years, newly developed products pushed the firms year-over-year growth rate to 35% during the last three

A company has been in business for over 50 years, newly developed products pushed the firms year-over-year growth rate to 35% during the last three years. The firm is proud of its history of paying dividends, but the vigorous recent growth of the firm has left it cash challenged. Discuss the best dividend policy for the firm under the current circumstances.

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