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Faced with evidence that many companies are accumulating cash (that they have no immediate use for), you are looking for ways to improve accountability. If

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Faced with evidence that many companies are accumulating cash (that they have no immediate use for), you are looking for ways to improve accountability. If your objective is to make managers more accountable to stockholders, which of the following measures on cas accumulation is most like to advance that objective? O a. iii. A requirement that once the cash balance hits 10% of firm value, stockholders get a binding vote on whether the cash should be returned in dividends/buybacks. O b. 1. A cap on how much cash a firm is allowed to accumulate, at 10 percent of firm value Excess cash has to be returned to stockholders. O c. iv. A requirement for all firms that any cash in excess of 10% of firm value be immediately reinvested in projects or acquisitions). (d. ii. A requirement, for all firms, that dividend is at least 50% of earnings. wev. A requirement that any firm with cash balance that exceeds 10% of firm value pay out all of its earnings as dividends. Faced with evidence that many companies are accumulating cash (that they have no immediate use for), you are looking for ways to improve accountability. If your objective is to make managers more accountable to stockholders, which of the following measures on cas accumulation is most like to advance that objective? O a. iii. A requirement that once the cash balance hits 10% of firm value, stockholders get a binding vote on whether the cash should be returned in dividends/buybacks. O b. 1. A cap on how much cash a firm is allowed to accumulate, at 10 percent of firm value Excess cash has to be returned to stockholders. O c. iv. A requirement for all firms that any cash in excess of 10% of firm value be immediately reinvested in projects or acquisitions). (d. ii. A requirement, for all firms, that dividend is at least 50% of earnings. wev. A requirement that any firm with cash balance that exceeds 10% of firm value pay out all of its earnings as dividends

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