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In the real world we find that dividends a) are uaually more stable than earnings b) fluctuate more widely than earnings c) tend to be a lower

In the real world we find that dividends
a) are uaually more stable than earnings
b) fluctuate more widely than earnings
c) tend to be a lower percentage of earnings for mature firms
d) Are usually changed every year to reflect earnongs changes, and these changes are randomly higher or lower, depending on whether earnings went up or down.

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