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Litner's model supports the belief that: A) dividend increases tend to lead earnings increases. B) dividends tend to be more volatile than earnings. C) dividends

Litner's model supports the belief that: A) dividend increases tend to lead earnings increases. B) dividends tend to be more volatile than earnings. C) dividends are decreasing in importance. D) dividends and earnings rise and fall in sync with each other. E) corporations smooth dividends

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