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Which of the following statements is not true? Select one: a. Shares prices usually react positively to increase in dividends. b. Managers are reluctant to

Which of the following statements is not true?

Select one:

a. Shares prices usually react positively to increase in dividends.

b. Managers are reluctant to cut dividends and do so in response to firm-specific problems.

c. Small and medium size companies usually do not pay dividends compared to large and well consolidated companies.

d. Companies usually repurchase their own stock when is overpriced.

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