According to middle-of-the-roaders, a firm's value is not affected by its dividend policy because:
A) of the clientele effect
B) of the tax loopholes available to wealthy stockholders
C) well-managed companies prefer to signal their worth by paying high dividends
D) All of the above

Question

Quizplus · Accepted Answer

All of the above are reasons why middle-of-the-roaders believe that a firm's value is not affected by its dividend policy.

According to Middle-Of-The-Roaders, a Firm's Value Is Not Affected by Its