Question: Firms generally: Multiple Choice 54 decrease their dividends as soon as they expect earnings to decline. set the dividend growth rate equal to the firm's

 Firms generally: Multiple Choice 54 decrease their dividends as soon as

Firms generally: Multiple Choice 54 decrease their dividends as soon as they expect earnings to decline. set the dividend growth rate equal to the firm's earnings growth rate. allow their dividend changes to lag their earnings changes. set high target payout ratios when they are relatively young. set short-term target ratios of dividends to earnings

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