試題詳解

16. Which one of the following statements is wrong?
(A) A reduction in personal tax rates tends to lead to lower dividends.
(B) Dividends tend to fluctuate significantly from quarter to quarter.
(C) Dividend payments are highly concentrated in a relatively small set of large companies.
(D) Non-dividend-paying companies are generally more apt to commence paying regular dividends than to implement a stock repurchase program.