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3N Corporation, a public corporation, has had annual total revenue and net income of more...

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Finance

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3N Corporation, a public corporation, has had annual total revenue and net income of more than 15% during the last 12 years. The Board of Directors has had a long- standing dividend policy that the company would not pay cash dividends if the company's previous annual earnings exceeded 10%. Which of the following choices is closest to 3N's method of dividend policy Return on Net Income Passive residual dividend policy Active dividend policy Stable dollar dividend policy

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