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The agency cost model of dividends suggests that: a. dividends should be smaller for slowly growing companies with large free cash flow b. dividend payments

The agency cost model of dividends suggests that:
a. dividends should be smaller for slowly growing companies with large free cash flow
b. dividend payments reduce managers' opportunity to spend free cash flow
C. dividends are a 'cost' of the corporate form of organisation
d. managers seeking to increase share value should never pay dividends

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