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____ determines the ultimate distribution of the firm’s earnings between reinvestment and cash dividend payment to shareholders.   a. Financial expertise   b. Board of Directors’ agreements   c. Dividend policy   d. Management efficiency

____ determines the ultimate distribution of the firm’s earnings between reinvestment and cash dividend payment to shareholders.   a. Financial expertise   b. Board of Directors’ agreements   c. Dividend policy   d. Management efficiency

Financial Reporting, Financial Statement Analysis and Valuation
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter11: Risk-adjusted Expected Rates Of Return And The Dividends Valuation Approach
Section: Chapter Questions
Problem 9QE
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which one is correct answer?

Q30: ____ determines the ultimate distribution of the firm’s earnings between reinvestment and cash dividend payment to shareholders.
  a.
Financial expertise
  b.
Board of Directors’ agreements
  c.
Dividend policy
  d.
Management efficiency
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