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Catering theory (or clientel effect) a. is when firms cater to the preference of its investors b. is when a firm contracts out for food

Catering theory (or clientel effect)

a. is when firms cater to the preference of its investors

b.is when a firm contracts out for food service for its annual meeting See page 532

c. is when a firm refuses to pay a dividend

d is when a firm pays out "all" of its earnings in dividends

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