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Question 16 Why has there been a long-term trend towards stock repurchases instead of dividend payments in the U.S.? Eendantages to shareholders To obtat cash

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Question 16 Why has there been a long-term trend towards stock repurchases instead of dividend payments in the U.S.? Eendantages to shareholders To obtat cash for use in the business Decause firmis foliow. the pecking order hypothesis Question 17 Retained earnings is capital. Contributed

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