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Which one of the following statements is true? Multiple Choice Dividends are irrelevant. According to Miller and Modigliani, a firm should alter its investment policy

Which one of the following statements is true?

Multiple Choice

Dividends are irrelevant.

According to Miller and Modigliani, a firm should alter its investment policy whenever a change is made in its dividend policy.

Firms should never give up a positive NPV project to increase a dividend.

Dividend policy is relevant.

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