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Question 3 According to the theory of tax clientele for dividend policies: A. companies should maintain a stable payout policy. B. companies should pay cash

Question 3

According to the theory of tax clientele for dividend policies:

A. companies should maintain a stable payout policy.

B. companies should pay cash dividends only.

C. companies should use share repurchases only.

D. companies shouldnt pay dividends.

E. investors are indifferent between cash dividends and share repurchases.

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