Part 1 | Attempt 1/2 for 10 pts. What are valid reasons for preferring a high dividend payout? Check all that apply: Dividends have tax advantages compared to capital gains. Higher dividends increase the stock price. Transaction costs for selling stocks for current income can be avoided. An investor has a preferrence for current income over future income. Submit Part 2 18 Attempt 1/2 for 10 pts. What are valid reasons for preferring a low dividend payout? Check all that apply: Investors can time their tax liabilities better. Investors want to receive current income. Taxes are lower for investors. It is costly for companies to raise new long-term capital. Submit