Question: In a well-functioning and fully informed capital market with no personal taxes, which of the following is NOT correct? E. All of the answers are

 In a well-functioning and fully informed capital market with no personal

In a well-functioning and fully informed capital market with no personal taxes, which of the following is NOT correct? E. All of the answers are true. A. Dividends are irrelevant partly because investors who recelve dividends they do not want can offset by buying more shares. D. Dividends are irclevant partly because a firm that has more cash than it needs can instead repurchase shares at the market price. C. Dividends are irrelevant partly because a firm that pays a dividend can maintain its investments by issuing shares to make up for the dividend. B. Dividends are irrelevant party because investors who want dividends can just sell some of their shares to make up for a dividend that was not paid

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