The dividend irrelevance hypothesis is based on all of the following assumptions EXCEPT

A) investors do not need cash dividends to supplement their current income.
B) investment decisions will not be altered by the amount of dividend payments.
C) perfect capital markets.
D) borrowing decisions will not be altered by the amount of dividend payments.


A

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Kelly runs a growing business in Birmingham and wants to do more than lead a successful and law-abiding company. She intends to make a difference in her community by helping with issues like poverty and high unemployment. Kelly believes in

a. corporate paternal accountability. b. the fair skies concept. c. corporate social responsibility. d. the corporate protection concept. e. corporate welfare.

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Which of the following is a facility–level cost?

a. Depreciation of engineering equipment b. Depreciation of setup equipment c. Depreciation of factory building d. Depreciation of factory machinery

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What kind of agreement existed between Randy and Carl over the car?

A) bailment for the sole benefit of the bailor B) bailment for the sole benefit of the bailee C) mutual benefit bailment D) bailment at will

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