Question: 1 5 . A change in dividend policy does not affect the value of a share of stock as long as: Group of answer choices

15. A change in dividend policy does not affect the value of a share of stock as long as:
Group of answer choices
all the distributable cash flow is paid out.
all future dividends are changed by the same amount.
the dividend payout ratio remains constant.
shareholders are given ample warning.
there is an offsetting change in stock repurchases.

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