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What is meant by a strategic perspective?
Efficient Markets Hypothesis
The theory that financial markets are "efficient" in reflecting information about the prices of securities, meaning that existing share prices always incorporate and reflect all relevant information.
Residual Dividend Approach
A policy for setting dividends based on a firm's residual or leftover earnings after financing planned capital expenditures.
Dividend Clienteles
Groups of investors who prefer stocks of companies with a specific dividend policy that matches their income needs and tax situations.
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