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 Intermediate cash dividends and occasionally may have stock splits.
D) In the growth stage, a firm pays stock dividends.
Correct Answer:
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