Which of the following is not a main goal of a compromise dividend policy?

Select one:

a. maintaining a high dividend payout ratio

b. avoiding dividend cuts

c. avoiding the need to sell equity

d. maintaining a target debt-equity ratio

e. not rejecting positive net present value projects

Assuming no market imperfections and ignoring taxes, share repurchases

Select one:

a. increase market value of equity.

b. reduce EPS.

c. decrease P/E ratio.

d. decrease share price.

e. increase the number of shares outstanding.

The date of record for a dividend payment should follow the ____________ date.

Select one:

a. payment

b. ex-dividend

c. purchase

d. reckoning

e. rights-on