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If a firm caters to a set of investors with its dividend policy of paying consistently high dividends, what theory is consistent with this dividend

  1. If a firm caters to a set of investors with its dividend policy of paying consistently high dividends, what theory is consistent with this dividend policy?

    a.

    Dividend Aversion Theory
    b.

    Dividend Irrelevance Theory
    c.

    Residual Dividend Theory
    d.

    The Clientele Effect

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