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Discuss the evolution of the exclusionary rule and at least one extension of it.
Long-Term Payout Ratio
The proportion of earnings paid out as dividends to shareholders over an extended period, often used as a measure of a company's dividend policy stability.
Dividend Policy
The approach a firm employs to determine the amount of dividends it will distribute to its shareholders.
Price-Earnings Ratio
A valuation ratio of a company's current share price compared to its per-share earnings, used as an indicator of investment value.
Market Price
The price at which an asset or service is currently traded in the market.
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