Which of the Following Is Not an Example of Market

question 68

Multiple Choice

Which of the following is not an example of market imperfections that make dividend policy relevant?

• A)institutional restrictions on stock holdings
• B)differences in dividend-payout ratios
• C)transaction costs such as brokerage fees
• D)differences among investors in marginal tax rates

---

Definitions:

Type A Personality

A temperament characterized by high levels of competitiveness, self-motivation, aggressiveness, and a constant sense of urgency.

Laid Back

A relaxed or calm attitude towards life and work situations.

Irritable

Easily annoyed or provoked to anger, indicating a lack of patience or tolerance.

Intuitive-Type

Individuals who rely more on intuition and subjective interpretation than on systematic planning and objective analysis.