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Describe the possible and common effects on dividend-payout ratios for the below: Interest rates increase significantly; Company profitability grows; Prospectus requirements are tightened, leading to

Describe the possible and common effects on dividend-payout ratios for the below:

  1. Interest rates increase significantly;
  2. Company profitability grows;
  3. Prospectus requirements are tightened, leading to an increase in the cost of share issue;
  4. Personal income (but not capital gains) tax are increased;

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