Which of the following is not true about the life cycle growth and dividend policy?
A) In the maturity stage,a firm usually pays moderate to high dividends.
B) In the development stage,a firm usually pays stock dividends and some low cash dividends.
C) In the expansion stage,a firm pays low to medium cash dividends and occasionally may have stock splits.
D) In the growth stage,a firm pays stock dividends.
Correct Answer:
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