What impact should clientele effects have on dividend policy
Question 1.) Should a firm be concerned about signaling effects if it plans to alter its dividend policy? If so, how should signaling be taken into account?Question 2.) In general, what impact should "clientele effects" have on its dividend policy?
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A policy of dividend "smoothing" refers to:
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In general, what impact should "clientele effects" have on its dividend policy?
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