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Which of the flowing is most likely to be true? A. The effect of raising dividends is not always positive B. Share repurchase sends out

Which of the flowing is most likely to be true?

A.

The effect of raising dividends is not always positive

B.

Share repurchase sends out a negative signal

C.

Both share repurchase and changing dividends have information asymmetry problem faced by shareholders who want to participate and who do not

D.

The effect of cutting dividends is statistically vague

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