A Company with a high distribution ratio and a high payout ratio means: A. The company pays large dividends and has small or zero repurchases of stock. B. The company pays small dividends and has large repurchases of stock C. The company pays no dividends. D. The company has large repurchases. 6. An increase in a dividend generally leads to: A. 7. B. C. D. A decrease in the price of the stock. No change in the price of the stock. An increase in the price of the stock. None of the above. 8. Distributions as cash dividends reduce: A. Treasury Stock. B. Retained Earnings. C. Net Income. D. Accounts Receivable. 9. The price of a stock prior to a repurchase is $50.0. If the number of outstanding shares prior to a repurchase is 100,000 shares, how many shares were repurchased using $200,000 Cash? A. 2,000 B. 96,000 C. 4,000 D. 6,000