A position expressed in financial literature is that firms, Finance Basics

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A position expressed in financial literature is that firms

Question: 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. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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