Most firms exhibit constant rates of growth in their dividend series.

Name: Most firms exhibit constant rates of growth in their dividend series.
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They do not exhibit constant rates or growth.The common life cycle of a firm involves rapid growth early in its life,followed by slower growth as the available pool of positive NPV projects dries up,and finally very slow or zero growth as the firm reaches maturity.

Most Firms Exhibit Constant Rates of Growth in Their Dividend