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We discussed several explanations for dividend levels by various firms. Which of the following would best help achieve the primary objective? O Signalling is sometimes considered by investors and dividend decisions should be made with a perspective on the cost of capital and shareholder value O All answers are correct O Signalling is sometimes considered by investors in their decisions O Lower dividend levels should be preferred because it helps accumulate excess cash O Dividend Decisions should be made with a perspective on the cost of capital and shareholder value Dividend Decisions should be made with a perspective on the cost of capital and shareholder value and lower dividend levels should be considered to accumulate excess cash Final policy on Dividends are most often decided and communicated to shareholders by: 1) The Board of Directors II) The Government III) Management IV) analysts O II and IV O I only O III Only O I only III and I)