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Which of following is a reason for a low-dividend-payout policy? A. Avoidance of transaction costs for selling shares B. Low-dividend-payout clientele are willing to pay
Which of following is a reason for a low-dividend-payout policy?
A. Avoidance of transaction costs for selling shares
B. Low-dividend-payout clientele are willing to pay a higher price per share than high-dividend payout clientele.
C. Convenient and direct deposit of cash dividend
D. Less need for additional costly outside funding
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