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Empirical evidence shows that over the last few decades a larger proportion of firms have used for payouts. Initial public offerings Stock splits Share repurchases
Empirical evidence shows that over the last few decades a larger proportion of firms have used for payouts. Initial public offerings Stock splits Share repurchases Cash dividends Based on the clientele effect of the payout policy, firms should favor stock repurchase over cash dividends if their shareholders are long-term investors who prefers future income. True False
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