Question
The failure of a firm that adheres to a residual dividend policy to pay a dividend implies that: a. the dividend payout ratio has increased
The failure of a firm that adheres to a residual dividend policy to pay a dividend implies that:
a. the dividend payout ratio has increased
b. all of the firm's earnings were spent on capital budgeting projects
c. the dividend payout ratio has remained unchanged
d. the growth prospects of the firm have slackened
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Entrepreneurial Finance Finance For Small Business
Authors: Philip J. Adelman
1st Edition
0138129835, 9780138129835
