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Suppose you purchased AT&T common stock because of its history of high dividend payouts, but your friend bought Intel stock because it pays no dividends

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Suppose you purchased AT&T common stock because of its history of high dividend payouts, but your friend bought Intel stock because it pays no dividends at all. This is an example of: the information effects of dividend policy the residual dividend theory the clientele effect agency theory the dividendilerine hypothesis

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