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Please complete the sentence with one of the options below and explain reason for answer. In the real world, dividends; a.) fluctuate more widely...

Please complete the sentence with one of the options below and explain reason for answer.


 In the real world, dividends;


a.) fluctuate more widely than earnings.


b.)tend to be a lower percentage of earnings for mature firms.


c.) are usually changed every year to reflect earnings changes, and these changes are randomly higher or lower, depending on whether earnings increased or decreased.


d.) are usually more stable than earnings.


e.) none of the above

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