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Which of the following theories says that investors value a stock that has a higher dividend payout ratio more. Increasing the dividend payout would result
Which of the following theories says that "investors value a stock that has a higher dividend payout ratio more. Increasing the dividend payout would result in a higher stock price, decreasing the return on equity"? Select one: O a. Myron Gordon and John Lintner "Bird-in-the-hand" theory b. Miller and Modigliani Dividend Irrelevance theory c. Clientele Effect d. Tax preference theory
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