Which of the following considerations should NOT be related to management's concerns when setting a dividend or share buy-back policy?
A) Over the long term, how much does the company's level of earnings exceed its investment requirements? How certain is this level?
B) Are the shares currently undervalued? Can the management add value to the company by initiating a share buy-back?
C) Does the company have enough financial reserves to maintain the dividend policy in periods when earnings are down or investment requirements are up?
D) Can the company quickly raise equity capital if necessary?

Question

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The Answer of Which of the following considerations should NOT be related to management's concerns when setting a dividend or share buy-back policy?
A) Over the long term, how much does the company's level of earnings exceed its investment requirements? How certain is this level?
B) Are the shares currently undervalued? Can the management add value to the company by initiating a share buy-back?
C) Does the company have enough financial reserves to maintain the dividend policy in periods when earnings are down or investment requirements are up?
D) Can the company quickly raise equity capital if necessary?

Which of the Following Considerations Should NOT Be Related to Management's