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8. According to Modigliani-Miller dividend irrelevance theorem: a. Investors are indifferent between cash dividends and stock dividends. b. Investors are indifferent between cash dividends and

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8. According to Modigliani-Miller dividend irrelevance theorem: a. Investors are indifferent between cash dividends and stock dividends. b. Investors are indifferent between cash dividends and stock repurchases. c. Investment policy is independent of dividend policy. d. None of the above

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