Question: 3 . 7 5 points Why has there been a long - term trend towards stock repurchases instead of dividend payments in the U .

3.75 points
Why has there been a long-term trend towards stock repurchases instead of dividend payments in the U.S.?
Because firms follow the pecking order hypothesis
To obtain cash for use in the business
Tax advantages to shareholders
 3.75 points Why has there been a long-term trend towards stock

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