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Excessive ploughing back of profits may cause dissatisfaction because shareholders get:

ALower dividends
BHigher dividends
CExtra shares
DFree debentures
Answer & Solution
Correct answer: A. Lower dividends
1. Profit stays inside the business. 2. Less is paid out. 3. So shareholders receive lower dividends. _Source: NCERT Class 11 Business Studies, Chapter 8, Sources of Business Finance._
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