With Respect to the Proposition That Dividend Policy Does Not

question 89

Multiple Choice

With respect to the proposition that dividend policy does not matter,in order to raise an additional $5,600 in cash by issuing stock,the stock sold must be worth:

• A) more than $5,600.
• B) $2,800.
• C) $5,600.
• D) need to know the number of shares issued to calculate.