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An investor who requires a 12% percent return for a stock that pays no dividends and requires a 9% return for a stock that pays
An investor who requires a 12% percent return for a stock that pays no dividends and requires a 9% return for a stock that pays its entire return from dividends is most likely a proponent of
Select one:
a. the bird-in-the-hand dividend theory.
b. the residual dividend theory.
c. the information effect.
d. the clientele effect.
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