Question 28 Which of the following is false? OA Low dividend or no dividend payout would results in a higher stock price due to difference in the tax treatment of dividends versus capital gain, B.Firm's dividend policy should be treated as a long-term residual to avoid implication on dividend stability. There is likely a movement in stock price if there is a difference between actual dividend and expectation of dividend by the shareholders. High risk companies like technology company usually has high dividend yield and high growth stock. D