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.

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