Question: 88) High dividends may increase stock values due to all of the following reasons except: higher dividends allow companies to increase their proportion of external

 88) High dividends may increase stock values due to all of

88) High dividends may increase stock values due to all of the following reasons except: higher dividends allow companies to increase their proportion of external equity financing. a. b. higher dividends are used to signal higher expected future earnings. c. dividends are more certain than capital gains. d. dividends are used as a tool to minimize agency costs

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