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  1. business
  2. accounting
  3. consider a firm whose net income for the current y

Consider a firm whose net income for the current year is $100 million, their target...

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Accounting

Consider a firm whose net income for the current year is $100 million, their target equity ratio is 60%, and the expected capital budget is $120 million. What are its distributions to be made to shareholders, according to the residual dividend model?

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