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Which of the following factors leads to a high dividend-payout ratio? Existence of impairment of capital rule Stockholders' desire for future income rather than current
Which of the following factors leads to a high dividend-payout ratio?
Existence of impairment of capital rule | ||
Stockholders' desire for future income rather than current income | ||
Management's preference for limited ownership control | ||
Excess availability of cash in spite of investing in profitable projects | ||
Debt contract restrictions to maintain certain financial measures |
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