Dividend changes may be used by management as a credible communication tool to signal investors about future earnings under which of the following dividend policy theories? Select one: a. the...

Dividend changes may be used by management as a credible communication tool to signal investors about future earnings under which of the following dividend policy theories?

Select one:

a. the clientele effect

b. the expectations theory

c. the residual dividend theory

d. the information effect

Question 19

In perfect capital markets there

Select one:

a. are no income taxes.

b. are no flotation costs.

c. All of these.