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Between the death of Louis XIV and the death of Cardinal Fleury, France pulled back from foreign war and promoted the growth of industry.
Dividend Payout Ratio
The portion of a company's earnings that is paid out to shareholders as dividends, usually expressed as a percentage.
Sustainable Rate
The maximum rate at which a company can grow its earnings without needing additional equity financing while maintaining a constant debt-to-equity ratio.
External Equity
Refers to funds raised from outside the company, typically through issuing new shares to investors.
External Financing
Funds raised from outside the business, including bank loans, equity investments, and bond issues.
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