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Assume that satisfied clienteles exist. Given this assumption, which one of these statements is correct? All firms should adopt a low-dividend-payout policy. O All dividends

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Assume that satisfied clienteles exist. Given this assumption, which one of these statements is correct? All firms should adopt a low-dividend-payout policy. O All dividends become irrelevant. O All firms will adopt a high-dividend-payout policy. O Dividend policy is irrelevant as long as each clientele group remains satisfied. O A firm can increase its share price by increasing its dividend payout

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