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If a firm following the residual dividend model and issues new common stock, this implies. No dividends were paid during the last year. All income
If a firm following the residual dividend model and issues new common stock, this implies.
| No dividends were paid during the last year. |
| All income was paid out in dividends last year. |
| Dividend Payouts have been increasing in recent years. |
| The company has few new investment opportunities. |
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