Identify the arguments that favour a high dividend$-$payout. More than one answer may be correct.

Multiple select question.

Between two companies with the same general earning power and position in an industry, the one paying the larger dividend will almost always sell at a higher price.

Between two companies with the same general earning power and position in an industry, the one paying the larger dividend will almost always sell at a lower price.

The discounted value of near dividends is higher than the present worth of distant dividends.

Between two companies with the same general earning power and position in an industry, the one paying the larger amount of tax will almost always sell at a higher price.