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Which of the following supports the bird-in-the-hand dividend theory? A. Investors prefer dividends to capital gains because of the time value of money. B. Capital
Which of the following supports the "bird-in-the-hand" dividend theory? A. Investors prefer dividends to capital gains because of the time value of money. B. Capital mix decisions are not influenced by dividend policy. C. Increasing a firm's dividends transfers risk and ownership from the current shareholders to new owners. D. Investment decisions are not influenced by dividend policy.
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