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Question 10 Which of the following is the correct statement of the conclusion of Modigliani and Miller on the relevance of dividend policy? A. Increase

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Question 10 Which of the following is the correct statement of the conclusion of Modigliani and Miller on the relevance of dividend policy? A. Increase in retentions result in a higher growth rate B. All shareholders are indifferent between receiving dividend income and capital gains C. The value of the shareholders' equity is determined solely by the firm's investment selection criteria D. Discounting the dividends is not an appropriate way to value the firm's equity

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