Queson 14 Question 14 5 points Save Answer Which of the following statements is CORRECT? O a. If a company has an established clientele of investors who prefer a high dividend payout, and if management wants to keep stockholders happy, it should NOT adhere strictly to the residual dividend model. Ob. If a firm adheres strictly to the residual dividend model, then, holding all else constant, its dividend payout ratio will tend to rise whenever its investment opportunities improve O c. On average, the announcements of dividend initiations and/or increases are associated with negative market reactions, reflecting distaste of investors. Od. Company's do not worry about cutting dividends