The Result That Dividend Policy Is Irrelevant Can Be Critiqued

question 28

Multiple Choice

The result that dividend policy is irrelevant can be critiqued if we consider

• A) differential tax rates between dividends and capital gains.
• B) that certain shareholders would rather receive dividends instead of capital gains.
• C) that shareholders do not have the ability to produce their own dividends.
• D) all of the above.

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