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Which of the following statements is CORRECT? a. Dividend policy does not affect the requirement...

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Finance

Which of the following statements is CORRECT? a. Dividend policy does not affect the requirement for external funds based on the AFN equation. b. If a firm's assets are growing at a positive rate, but its retained earnings are not increasing, then it would be impossible for the firm's AFN to be negative. c. If a firm increases its dividend payout ratio in anticipation of higher earnings, but sales and earnings actually decrease, then the firm's actual AFN must,

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