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In the real world, we find that dividends: a) usually exhibit greater stability than earnings. b) fluctuate more widely than earnings. c) tend to be

In the real world, we find that dividends:

a)

usually exhibit greater stability than earnings.

b)

fluctuate more widely than earnings.

c)

tend to be a lower percentage of earnings for mature firms than for newer firms.

d)

are usually set as a fixed percentage of earnings every year.

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