40) Which of following is a reason for a high-dividend-payout policy? A) Dividends are generally taxed at

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40) Which of following is a reason for a high-dividend-payout policy? A) Dividends are generally taxed at a lower rate than capital gains. B) All investors prefer high dividend payments over low dividend payments. C) Cash payments today are preferred over uncertain payments in the future. D) More cash is left in the company for

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40) Which of following is a reason for a high-dividend-payout policy? A) Dividends are generally taxed at

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