14. Which of the following is NOT accurate regarding corporate dividends? 3 A) The value of a firm's stock is ultimately determined by its dividend policy. 3 B) Once declared, a dividend becomes a liability of the firm. 0 C) The existence of an information content effect tends to make it difficult to determine the effects of 1 dividend policy 2 D) In the absence of a more favorable tax rate on cash dividends, investors will prefer stocks with relatively low dividend payout rates