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Which one of these statements is true? : Dividend policy is relevant. Shareholders are unable to personally adjust the dividend policy set by the firm.

Which one of these statements is true? :

Dividend policy is relevant.

Shareholders are unable to personally adjust the dividend policy set by the firm.

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

Dividends are irrelevant

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

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