Which of the following statement about dividend theory and/or policy is correct?

Group of answer choices

The tax effect theory proposes that investors prefer dividends over capital gains because taxes on dividends paid can be deferred into the future.

According to the clientele effect a companies dividend policy has no impact on the type of investors the company will attract.

The bird-in-the-hand theory assumes that investors value a dollar of dividends more highly than a dollar of expected capital gains because the dividend yield component, D₁/P₀, is less risky than the g component in the total expected return equation r_S= D₁/P₀ + g.