Question $1(1$ point$)$

When a firm sets up its cash payout policy, it decides the amount, stability, and type

of distributions it plans to make.

True

False

Question $2(1$ point$)$

If firms receive a large amount of cash from the sale of a fixed asset, they typically

deploy that cash over time through a large increase in their regular dividend.

True

False

Question $3(1$ point$)$

If a firm makes regular dividend payments, they are typically made either annually or

quarterly.

True

False

Question $4(1$ point$)$

When a firm announces a stock repurchase program, it specifies the exact amounts

and dates on which stocks will be repurchased.

True

False

Question $5(1$ point$)$

If you purchase shares on the Dividend Record Date you will receive a dividend on

the Payable Date.

True

False