In a world with significant flotation costs, investors will generally prefer low-dividend stocks to high-dividend stocks, all else equal.

Name: In a world with significant flotation costs, investors will generally prefer low-dividend stocks to high-dividend stocks, all else equal.
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The Answer of In a world with significant flotation costs, investors will generally prefer low-dividend stocks to high-dividend stocks, all else equal.

In a World with Significant Flotation Costs, Investors Will Generally