According to the middle-of-the-roaders,a firm's value is not affected by its dividend policy because:
I.of the clientele effect;
II.of the tax loopholes available to wealthy stockholders;
III.well-managed companies prefer to signal their worth by paying high dividends

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The Answer of According to the middle-of-the-roaders,a firm's value is not affected by its dividend policy because:
I.of the clientele effect;
II.of the tax loopholes available to wealthy stockholders;
III.well-managed companies prefer to signal their worth by paying high dividends

According to the Middle-Of-The-Roaders,a Firm's Value Is Not Affected by Its