The Bird-In-The-Hand Fallacy Refers To

The bird-in-the-hand fallacy refers to:

A) the fact that many, if not most, investors will reinvest their dividends in the firm anyway.
B) the fact that most investors are indifferent between capital gains and dividends.
C) the fact that most firms pay such a low amount of dividends that it becomes irrelevant to the average investor.
D) none of the options.