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Which of the following is FALSE about the information effect of dividends? Select one: a. Dividend increases convey that management believes the payouts can be

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Which of the following is FALSE about the information effect of dividends? Select one: a. Dividend increases convey that management believes the payouts can be sustained. o b. A small, but expected, change in dividends can have a significant impact on stock prices. c. Dividend increases signal a healthy, growing firm. d. Dividend decreases signal that a firm is having financial difficulties. e. The expectation of higher future dividends increases the present value of the firm

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