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Explain the likely effects on dividend-payout ratios of each of the followings. a)Interest rates increase substantially; b)Company profitability increases; c)Prospectus requirements are tightened, increasing the
Explain the likely effects on dividend-payout ratios of each of the followings.
a)Interest rates increase substantially;
b)Company profitability increases;
c)Prospectus requirements are tightened, increasing the cost of share issue;
d)Personal income (but not capital gains) tax are increased;
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