The dividend irrelevance hypothesis is based on all of the


The dividend irrelevance hypothesis is based on all of the following assumptions EXCEPT

a. borrowing decisions will not be altered by the amount of dividend payments.

b. investment decisions will not be altered by the amount of dividend payments.

c. investors do not need cash dividends to supplement their current income.

d. perfect capital markets. Incorrect

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Financial Management: The dividend irrelevance hypothesis is based on all of the
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