Corporate investors own the majority of the outstanding shares supports a low-dividend policy.
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Q38: Given a compromise dividend policy, firms prefer
Q39: An argument for a high dividend payout
Q40: Given a compromise dividend policy, firms try
Q41: A valid reason for a firm to
Q42: Pension plans own the majority of the
Q44: Avoiding new equity sales is consistent with
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
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