Question
Residual dividend policy is a policy in which: The dividend paid is set to equal the actual earnings minus the amounts of retained earnings necessary
Residual dividend policy is a policy in which:
| The dividend paid is set to equal the actual earnings minus the amounts of retained earnings necessary to finance the firms capital budget. | ||
| The dividend paid is set to equal the retained earnings | ||
| The dividend paid is set to equal the capital budget | ||
| The dividend paid is set to be one third of retained earnings
|
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
8th Edition
0077261453, 978-0077261450
