Which of the Following Is Not an Argument for the Relevance

question 27

Multiple Choice

Which of the following is not an argument for the relevance of dividends?

• A) Existence of issuance costs
• B) Reduction of agency costs
• C) Protection against dilution
• D) Risk aversion

---

Definitions:

Lost Work

Creative or scholarly work known to have been created but is no longer extant or cannot be found.

Volenti Non Fit Injuria

A legal defense stating that individuals who willingly put themselves in a situation of risk cannot seek compensation for resulting harm.

Icy Sidewalk

A walkway made slippery by a coating of ice, presenting a hazard to pedestrians.

Legal Action

The process of taking formal steps through the court system to enforce or defend a legal right.