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Unless dividends are treated as a residual, in the long run a firm may have to: A. All of the items listed here. B. Operate
Unless dividends are treated as a residual, in the long run a firm may have to:
A. All of the items listed here.
B. Operate at a suboptimal debt/equity ratio.
C. Finance dividend payments through the sale of common stock.
D. Forgo investments with positive NPVs.
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