Most Company Managers Overwhelming Feel That

Most company managers overwhelming feel that:

A) dividends should be increased annually no matter what.
B) dividends should be flexible and adjusted annually in response to changes in the firm's earnings.
C) the personal taxes of their shareholders must be their primary consideration when setting dividend policy.
D) once a dividend is increased, it should not be decreased.
E) dividend smoothing is talked about but rarely affects dividend decisions.

Correct Answer:

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