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Dividends are paid a) based on the prevailing market price of the stock. b) before a firm pays interest to bondholders. c) as determined by

Dividends are paid

a) based on the prevailing market price of the stock.

b) before a firm pays interest to bondholders.

c) as determined by the stockholders encumbrances.

d) from a firms profits if approved by the board of directors.

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