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When a firm pays a stated dollar dividend and adjusts the payment as earnings increase,...

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Question

Finance

When a firm pays a stated dollar dividend and adjusts the payment as earnings increase, its dividend policy can be called ________.

Select one:

A.

a low-regular-and-extra dividend policy

B.

a target dividend-payout ratio policy

C.

a catering dividend policy

D.

a constant-payout-ratio dividend policy

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