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Which circumstance would be most likely to lead to a decrease in a firm's dividend payout ratio? a.Its earnings become less stable. b.The firm just

Which circumstance would be most likely to lead to a decrease in a firm's dividend payout ratio?

a.Its earnings become less stable.

b.The firm just patented a new vaccine that has a great demand.

c.The firm has a new CEO.

d.The firm finds it easier to raise new equity capital.

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