Lintner's study on dividend policy found that executives ___________
A)Base dividends on long- run forecast profits and are consequently reluctant to change dividends
B)Set long- run payout ratios
C)Are reluctant to cut dividends
D)Focus on the change in dividends
E)All of the above

Question

Quizplus · Accepted Answer

Lintner's study found that executives base dividends on long-run forecast profits, set long-run payout ratios, are reluctant to cut dividends, and focus on the change in dividends. Therefore, all of the options given are correct.

Lintner's Study on Dividend Policy Found That Executives ___________