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16. Which of the followings is more likely to be true? Managers need to consider both the costs and probability of bankruptcy when making dividend

16.

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Which of the followings is more likely to be true? Managers need to consider both the costs and probability of bankruptcy when making dividend policy decision. Managers need to consider the costs, but not the probability of bankruptcy when making capital structure decision. Managers need to consider both the costs and probability of bankruptcy when making capital structure decision. Managers need to consider the capital structure when making dividend policy decision

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