22- Which of the following support a low-dividend policy? 1 Pension plans own the majority of the outstanding shares II. Uncertainty about the future financial stability of the issuer III. A tax policy wherein the individual tax rate on dividends is greater than the tax rate on capital gains IV. Corporate investors own the majority of the outstanding shares A) I only B) III only C) II and IV only D) II, III and IV only E) I, II, III and IV