Which of the following statements about payout policy in perfect markets are true?Selectallthat apply.

I. Shareholders will prefer repurchases over dividends because the share price increases after a share repurchase.

II. Shareholders will prefer dividends over repurchases because they get a cash payment with dividends.

III. Shareholders will prefer dividends over repurchases because the share price declines after a share repurchase.

IV. Shareholders should be indifferent between dividends and share repurchases.

Question 5 5 points Save Answer Which of the following statements about payout policy in perfect markets are true? Select that apply, [: l. Shareholders will prefer repurchases over dividends because the share price increases after a share repurchase. ll. Shareholders will prefer dividends over repurchases because they get a cash payment with dividends. C [: |||. Shareholders will prefer dividends over repurchases because the share price declines after a share repurchase. C IV. Shareholders should be indifferent between dividends and share repurchases