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    Principles of Managerial Finance
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    Exam 14: Payout Policy
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    The Clientele Effect Is the Argument That a Firm Attracts
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The Clientele Effect Is the Argument That a Firm Attracts

Question 23

Question 23

True/False

The clientele effect is the argument that a firm attracts shareholders whose preferences with respect to the payment and stability of dividends corresponds to the payment pattern and stability of the firm itself.

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