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In investor who requires a 12% percent return for a stock that pays no dividends and requires a 9% return for a stock that pays its entire return from dividends is most likely a proponent of

a. the clientele effect.

b. the residual dividend theory. Incorrect

c. the bird-in-the-hand dividend theory.

d. the information effect.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91569697

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