The Modigliani and Miller Dividend Irrelevancy Theorem States That

question 126

Multiple Choice

The Modigliani and Miller dividend irrelevancy theorem states that

• A) dividends are preferable to stock repurchases.
• B) the timing of cash distributions is important.
• C) the timing of cash distributions is unimportant.
• D) stock repurchases are preferable to dividends.

---

Definitions:

E-Coli

Escherichia coli, a type of bacteria that normally lives in the intestines of people and animals; some strains can cause intestinal infection.

Pressure Ulcer

An area of localized damage to skin and underlying tissue, usually as a result of external forces, such as pressure, friction, and shear.

Infected Wound

A wound contaminated with microorganisms such as bacteria, viruses, or fungi, leading to signs of infection like redness, swelling, pain, or pus.

RYB Colour Code

A traditional set of colors used in art and design education, comprising Red, Yellow, and Blue.