23- Historically firm financial managers predominately feel that: a. dividends should be increased annually no matter what. b. the personal taxes of their shareholders must be their primary consideration when setting dividend policy. c. dividend smoothing is talked about but rarely affects dividend decisions. d. once a dividend is increased, it should not be decreased. e. dividends should be flexible and adjusted annually in response to changes in the firm's earnings

23- Historically firm financial managers predominately feel that: a. dividends should be increased annually no matter what. b. the personal taxes of their shareholders must be their primary consideration when setting dividend policy. c. dividend smoothing is talked about but rarely affects dividend decisions. d. once a dividend is increased, it should not be decreased. e. dividends should be flexible and adjusted annually in response to changes in the firm's earnings

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter1: An Overview Of Managerial Finance

Section: Chapter Questions

Problem 8PROB

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