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Which of the following statements is most correct? A. The tax code encourages companies to pay large dividends to their shareholders. B. If your company
Which of the following statements is most correct? A. The tax code encourages companies to pay large dividends to their shareholders. B. If your company has established a clientele of investors who prefer large dividends, the company is unlikely to adopt a residual dividend policy. C. If a firm follows a residual distribution policy, the dividend payout will tend to rise whenever the firm
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