Which of the following is true? I. Ignoring taxes, share repurchases and dividend payouts are equivalent. II.
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Question:
Which of the following is true?
I. Ignoring taxes, share repurchases and dividend payouts are equivalent.
II. Share repurchases usually follow economic fluctuations.
III. Dividend payouts and share repurchases lower share prices.
IV. Dividends tend to be smoothed over time.
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