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Which of the following best describes a firms target payout ratio? Select one: O a. a firm's long-term desired dividend-to-earnings ratio. O b. a firm's

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Which of the following best describes a firms target payout ratio? Select one: O a. a firm's long-term desired dividend-to-earnings ratio. O b. a firm's preferred rate of dividend growth. O c. the preferred number of dividend payments per year divided by 12. O d. the inverse of a firm's equity multiplier. firm's O e. the amount of dividend required to maintain a constant debt-equity ratio

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