A Compromise Dividend Policy Advocates

A compromise dividend policy advocates:

A) Rejecting positive net present value projects in order to maintain constant dividends.
B) Varying the debt-equity ratio so that the firm can sell equity to fund increases in the dividends.
C) Selling equity to maintain a high dividend policy.
D) Trying to avoid cutting back on either positive net present value projects or dividends.
E) Strict adherence to short-run debt-equity ratios at the expense of constant dividends.