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e. Compare and contrast each of the dividend policies described in parts a through d. Which policy uses a constant-payout ratio? (Select the best

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e. Compare and contrast each of the dividend policies described in parts a through d. Which policy uses a constant-payout ratio? (Select the best answer below.) OA. The policy described in part c is a constant-payout ratio which will yield low or no dividends if earnings decline or a loss occurs. OB. The policy described in part d is a constant-payout ratio which will yield low or no dividends if earnings decline or a loss occurs. OC. The policy described in part a is a constant-payout ratio which will yield low or no dividends if earnings decline or a loss occurs. OD. The policy described in part b is a constant-payout ratio which will yield low or no dividends if earnings decline or a loss occurs.

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