which of the following statements is most correct? a. the bird-in-the-hand theory implies that a company can reduce its WACC by reducing its dividend payout. b. the bird-in-the-hand theory implies that a company can increase its stock price by reducing its dividend payout. c. one problem with following a residual distribution policy( with all distributions in the form of diviends) is that it can lead to erractic diviend payouts that may prevent the firm from establishing a reliable clientele of investors who prefer a particular dividend policy. d. statements a and c are correct. e. all of the statements abore correct.