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The president of Smith Brothers, Inc. wants a dividend policy that minimizes the likelihood of decreasing the company's dividend per share. Which of the following
The president of Smith Brothers, Inc. wants a dividend policy that minimizes the likelihood of decreasing the company's dividend per share. Which of the following policies should the CEO select? a. regular dividend plus a year-end extra b. constant dividend payout ratio c. stable dollar dividend per share d. All policies have the same likelihood of a dividend decrease because dividend changes are dependent on changes in earnings.
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