Question: Dividend policy is relevant because: Multiple Choice shareholders apply a higher discount rate to yield a higher valuation to funds retained in the business as

Dividend policy is relevant because: Multiple Choice shareholders apply a higher discount rate to yield a higher valuation to funds retained in the business as opposed to paid out. shareholders apply a higher discount rate to yield a lower valuation to funds retained in the business as opposed to paid out. shareholders apply a lower discount rate to yield a higher valuation to funds retained in the business as opposed to paid out. shareholders apply a lower discount rate to yield a lower valuation to funds retained in the business as opposed to paid out

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