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Dividend Policy: - Lower minimum payout ratio to below 50% - Maintain dividend yield of 5-6% - Maintain 100% franking credits Q: How might BHPs

Dividend Policy:

- Lower minimum payout ratio to below 50%

- Maintain dividend yield of 5-6%

- Maintain 100% franking credits

Q: How might BHPs various providers of capital (shareholders and debtholders) react to your proposed dividend policy?

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