Slate is like most investors. His portfolio consists of some bonds and some stocks. According to Slate, assuming he has invested the same amount in a bond and a stock, a $100 dividend spends the same as $100 of interest. In other words, $100 of interest from a bond issued by General Motors is the same as a payment of a $100 dividend on stock issued by General Motors. Slate’s analysis, while simple, is correct. 

(True / False)