Multiple Choice
Characteristics of a sensible dividend policy include:
A) over time pay out all free cash flows
B) set the current regular dividend consistent with a long-run target payout ratio
C) use repurchases to distribute transitory cash flow increases
D) over time pay out all free cash flows and set the current regular dividend consistent with a long-run target payout ratio
E) All of these
Correct Answer:

Verified
Correct Answer:
Verified
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