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Dividends are: Multiple Choice paid out of aftertax profits.. treated as a tax-deductible expense of the issuing firm. only partially taxable to high-income individual shareholders.

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Dividends are: Multiple Choice paid out of aftertax profits.. treated as a tax-deductible expense of the issuing firm. only partially taxable to high-income individual shareholders. paid only to preferred stockholders. payable at the discretion of a firm's president

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