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According to the residual theory of dividends, if a firm's equity need exceeds the amount of retained earnings, the firm would ________. a. pay no

According to the residual theory of dividends, if a firm's equity need exceeds the amount of retained earnings, the firm would ________.

a.

pay no cash dividend
b.

borrow money to pay dividend
c.

sell additional stock to pay cash dividend
d.

pay less dividends

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