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Bingham Enterprises follows a strict residual dividend policy. All else equal, which of the following factors would be most likely to lead to an increase
Bingham Enterprises follows a strict residual dividend policy. All else equal, which of the following factors would be most likely to lead to an increase in the company's dividend per share?
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Congress lowers the tax rate on capital gains leaving the rest of the tax code unchanged.
The company's net income increases.
The number of profitable potential projects increases.
The company increases the percentage of equity in its target capital structure.
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