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QUESTION
14-3 d. The problem wants us to follow a partial-adjustment strategy, with a target payout ratio equal to FY 2008's.
14-3 d. The problem wants us to follow a partial-adjustment strategy, with a target payout ratio equal to FY 2008's. In order to accomplish, we have to show how we could change dividend payments during 2009, 2010, and 2011.
