A position expressed in financial literature is that firms, Financial Accounting

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A position expressed in financial literature is that firms

A position expressed in financial literature is that firms set their dividends as a residual after using income to support new investments.

Explain the meaning of a residual dividend policy and comment on the benefits/drawbacks for the company and the stockholders. (at least 250 words)

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Financial Accounting: A position expressed in financial literature is that firms

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Financial Accounting: A position expressed in financial literature is that firms

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