Which of following is a reason for a low - dividend - payout policy? O...

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Which of following is a reason for a low - dividend - payout policy? O A. Convenient and direct deposit of cash dividend O B. Less need for additional costly outside funding OC. Avoidance of transaction costs for selling shares OD. Low - dividend - payout clientele are willing to pay a higher price per share than high - dividend payout clientele

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