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Multiple choice

The major, overall argument against the "residual theory of dividends" is

A.the uncertainty surrounding capital investment projects.
B.the lack of ability to adequately measure corporate investment returns.
C.the diversity of stockholders and their potential investment returns.
D.its failure to consider stockholder preferences

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The major, overall argument against the "residual theory of dividends" is
A. the uncertainty surrounding capital investment projects.
B. the lack of ability to adequately measure...