Question: i tried option b and d but both are wrong so whixh is correct Which of the following is not true about how managers determine

i tried option b and d but both are wrong so whixh is correct

Which of the following is not true about how managers determine dividends? O Firms have long-run target dividend payout ratios Managers focus more on dividend changes than on absolute levels. O Dividends follow short-run changes in earnings, C Managers are reluctant to make dividend changes that might have to be reversed. C All of the answers are true

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