a. Under what circumstances would you (as an investor) prefer to receive cash dividends rather than stock dividends?

	If the company can reinvest its retained earnings at a higher ROI than I could earn on the money paid to me in dividends, I would prefer that the company pay a cash dividend.
	If I needed current income from my investment, I would want Cash dividends.

b. Under what circumstances would you prefer stock dividends to cash dividends?

	If I needed current income from my investment, I would want stock dividends.
	If the company can reinvest its retained earnings at a higher ROI than I could earn on the money paid to me in dividends.