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9. Which of the following are factors that favour a high dividend policy? ...

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Finance

9. Which of the following are factors that favour a high dividend policy?
I. Shareholders desire for current income II. Tendency for higher share prices for high dividend paying firms
III. Investors dislike of uncertainty
IV. High percentage of tax-exempt institutional shareholders
A. I and III only
B. I, III, and IV only
C. II, III, and IV only
D. I, II, III, and IV

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