Which of the following statements is FALSE?

A)	A common approximation is to assume that in the long run, dividends will grow at a constant rate.

B)	There is a tremendous amount of uncertainty associated with any forecast of a firms future dividends.

C)	During periods of high growth, it is not unusual for firms to pay out 100% of their earnings to shareholders in the form of dividends.

D)	The dividend each year is the firms earnings per share (EPS) multiplied by its dividend payout rate.