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InputOutOil Inc.'s CFO has stated that the firm will pay dividends only if acceptable capital budgeting opportunities do not exist. Which concept did the CFO
InputOutOil Inc.'s CFO has stated that the firm will pay dividends only if acceptable capital budgeting opportunities do not exist. Which concept did the CFO most likely base her decision on?
A: The free cash flow hypothesis B: The signaling hypothesis C: Dividend irrelevance theory D: The clientele effect
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