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Indicate the incorrect statement concerning the procedure of payment of dividends on shares: Select one: a. Interim dividends may be paid only on a quarterly

Indicate the incorrect statement concerning the procedure of payment of dividends on shares:

Select one:

a. Interim dividends may be paid only on a quarterly basis and once every six months

b. Annual dividends are paid once a year

c. Decisions on payment and size of interim and annual dividends are made by the general shareholders meeting upon recommendation of the Board of Directors

d. Company earnings may be reinvested into the firm or distributed to shareholders

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