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To develop an explicit tinancial plan, managers must establish certain basic elements of the firm's financlal policy, which of the following elemients is related to

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To develop an explicit tinancial plan, managers must establish certain basic elements of the firm's financlal policy, which of the following elemients is related to the firm's dividend policy? -The amount of cash the firm thinks is necessary and appropriate to pay shareholders -The degree of financial leverage the firm chooses to employ -The firm's needed investment in new assets The amount of liquidity and working eapital the firm needs on an ongoing basis

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