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Which one of the following is an argument in favor of a low dividend policy? Few, if any, positive net present value projects are available
Which one of the following is an argument in favor of a low dividend policy?
Few, if any, positive net present value projects are available to the firm | ||
Only the gain on a sale of stock is taxed | ||
Agency costs | ||
Investor desire for current income | ||
Lack of investor self-control |
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