Consider the payout policies of U.S. nonfinancial firms from 2011-2017. Which category had the highest percentage of firms?
A) Firms that paid dividends and repurchased shares
B) Firms that paid dividends but did not repurchase shares
C) Firms that paid no dividends but did repurchase shares
D) Firms that paid no dividends and did not repurchase shares
Correct Answer:
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