Which of the following is NOT a result of the double taxatio.pdf

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Which of the following is NOT a result of the double taxation of dividends? It gives firms an incentive to take on what may be an excessive level of debt rather than issue stock. The decline in retained profits results in increased inefficiency. The return investors receive from buying stocks is reduced, which reduces the incentive people have to save in the form of stock investments and increases the costs to firms of raising funds. Because profits that firms distribute.

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