Which of the following statements is FALSE about dividend payout andgrowth?

A.

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

B.

During periods of highgrowth, it is not unusual for firms to pay out100% of their earnings to shareholders in the form of dividends.

C.

There is a tremendous amount of uncertainty associated with any forecast of afirm's future dividends.

D.

The dividend each year is thefirm's earnings per share(EPS) multiplied by its dividend payout rate.