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Which of the following are correct according to dividend policy? I. Both dividends and dividend policy are irrelevant. II. Dividend policy focuses on the timing
Which of the following are correct according to dividend policy?
I. Both dividends and dividend policy are irrelevant. II. Dividend policy focuses on the timing of dividend payments. III. Whether or not a firm ever pays a dividend is irrelevant to equity valuation.
Group of answer choices
I only
II only
III only
I and II only
I, II and III
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