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Question 16 (1 point) Which of the following statements is TRUE about the Modigliani and Miller Theory regarding dividend policy? Shareholders are indifferent between receiving

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Question 16 (1 point) Which of the following statements is TRUE about the Modigliani and Miller Theory regarding dividend policy? Shareholders are indifferent between receiving a capital gain on their shares or dividend income Companies should invest in all available positive NPV projects before paying out a dividend Investors in a perfect market may see the cutting of dividends as a bad sign Some investors liquidity requirements mean that they will respond badly to a cut in dividends

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