A valid reason for managers not to pay no cash dividend is a situation where the firm is in financial distress and needs to conserve cash to meet its contractual obligations.
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Q45: Maintaining a target debt/equity ratio is a
Q46: A valid reason for managers not to
Q47: Avoiding dividend increases is a goal in
Q48: Uncertainty about the future financial stability of
Q49: Maintaining a target retention ratio is a
Q51: Avoiding cutting back on positive NPV projects
Q52: A valid reason for managers not to
Q53: Based on the homemade dividend argument, dividend
Q54: Avoiding the need to sell new equity
Q55: In a world with no taxes or
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