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8. Which of the following is TRUE regarding dividend policy: A. Dividend policy is a type of working capital investment decision B. Dividends are equally

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8. Which of the following is TRUE regarding dividend policy: A. Dividend policy is a type of working capital investment decision B. Dividends are equally important to firm value in theory and in reality but for different reasons. C. In reality, an investor in a high tax bracket with excess disposable income would prefer that his/her stock investment pay high dividends instead of no dividends. D. In reality, dividends are often interpreted by different shareholders as a positive and a negative sign with equally valid logic and legitimacy. more than one of the above is true E

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