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Which circumstance would be most likely to lead to an increase in a firm's dividend payout ratio? a.The firm's revenues have increased. b.Its earnings become

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

a.The firm's revenues have increased.

b.Its earnings become more stable.

c.Its access to the capital markets decreases.

d.The firm has many new great investment opportunities.

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