Question: To develop an explicit tinancial plan, managers must establish certain basic elements of the firm's financlal policy, which of the following elemients is related to

To develop an explicit tinancial plan, managers must establish certain basic

To develop an explicit tinancial plan, managers must establish certain basic elements of the firm's financlal policy, which of the following elemients is related to the firm's dividend policy? -The amount of cash the firm thinks is necessary and appropriate to pay shareholders -The degree of financial leverage the firm chooses to employ -The firm's needed investment in new assets The amount of liquidity and working eapital the firm needs on an ongoing basis

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