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Which circumstance would be most likely to lead to a decrease in a firms dividend payout ratio? a. The firm has a new CEO. b.

Which circumstance would be most likely to lead to a decrease in a firms dividend payout ratio? a. The firm has a new CEO. b. Its earnings become less stable. c. The firm finds it easier to raise new equity capital. d. The firm just patented a new vaccine that has a great demand.

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