Item$4$

$10$points

Time Remaining $30$ minutes $1$ second

$00$:$30$:$01$

Item $4$

Time Remaining $30$ minutes $1$ second

$00$:$30$:$01$

The fact that flotation costs can be significant is an argument for:

Multiple Choice

maintaining a constant dividend policy even if the firm frequently has to issue new shares.

issuing larger regular dividends than the industry norm.

periodic extra dividend payments.

maintaining a constant dividend policy even when profits decline significantly.

maintaining a low dividend policy and rarely issuing extra dividends.